Ukraine central bank opposes crypto bill ahead of final vote
BROBROK News · Based on reporting by Bitcoin Magazine ·
Ukraine’s central bank said it will not support a crypto market bill that cleared a parliamentary committee for a final vote. The bank argues the draft leaves foreign tokens with money-like features outside its control and does not fully reflect earlier compromises.
Key points
- The National Bank of Ukraine said it received the final text too late for a proper review.
- It warned of risks to monetary sovereignty, policy transmission, payments and financial stability.
- The bank wants authority to assess and, if needed, restrict foreign tokens in Ukraine.
- It also raised concerns about regulatory arbitrage and the way trading-platform operators would be licensed.
- The committee-backed bill is expected to face a full parliamentary vote later in November.
Why it matters
The dispute highlights how Ukraine is trying to build a formal crypto framework while the central bank seeks to keep oversight over assets that could function like electronic money. The outcome could shape the country’s rules for BTC and other virtual assets.
Original headline: “Ukraine Central Bank Refuses to Back Crypto Bill Cleared for Second Reading”
Read the original on Bitcoin Magazine
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.