Ukraine’s central bank opposes crypto bill, citing monetary sovereignty concerns

Ukraine’s central bank has refused to endorse the crypto legalization bill as drafted and is asking lawmakers to revise it before a final vote, citing concerns over monetary sovereignty. The National Bank of Ukraine’s opposition creates a late-stage hurdle for legislation intended to bring exchanges and digital assets under formal regulation. The bill’s current text would grant the central bank a narrower role than it wants in overseeing the crypto market and issuing a national digital currency. Lawmakers must now decide whether to amend the draft to satisfy the NBU or attempt to override its objections. The standoff matters because Ukraine has relied heavily on crypto donations during the war, and delays leave exchanges and token issuers without a settled legal framework. What to watch next is whether the finance committee reworks the NBU’s powers and brings a revised bill back to the floor.