Ukraine's Central Bank Rejects Crypto Bill over Foreign Token and Monopoly Risks
10 Articles
10 Articles
Ukraine's central bank rejects crypto bill over foreign token and monopoly risks
Ukraine’s central bank has refused to support the latest version of the country’s cryptocurrency regulation bill, warning that several provisions could threaten financial stability and give regulators excessive control over market access. In a November 4 statement, the National Bank…
The National Bank believes that the proposed regulations may pose risks to the hryvnia and promote monopolization of the market.
What are the threats to the document and why is the Natzbank categorically opposed to such acceptance? The NBU opposed the adoption of Bill No. 10225-d on the handling of virtual assets as currently drafted due to the serious risks to monetary sovereignty and financial stability, which is reported by RBK-Ukraine with reference to the official position of the National Bank. The NBU is alarmed by several significant shortcomings in the final draft…
The National Bank of Ukraine stated that the development of the virtual assets market should not pose threats to the monetary sovereignty, price and financial stability and economic security of Ukraine.
National Bank of Ukraine refuses support for Bill No. 10225-d, which proposes to regulate cryptocurrencies, and points to risks to monetary sovereignty
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