Eighteen Ukrainian crypto firms named to dubious projects list

НКЦБФР of Ukraine has added 18 companies to the list of dubious projects that attracted citizens’ funds under the guise of trading cryptocurrencies. Regulators told ForkLog.

According to the Commission, investments in these firms led “to a total or partial loss of assets.”

The dubious projects include:

• Amega Global Ltd;
• HYCM;
• ACCUINDEX;
• Duar Soft;
• CapitalXtend;
• AXIORY;
• FONDEXX;
• Gonzo Invest;
• ForexChief;
• IQcent;
• VIDEFOREX;
• Worldforex;
• Bethle Aster;
• Forex EuroClub;
• VINEX TRADE;
• BITCOINBTC;
• Alex Yanovsky’s School;
• Kiev’s Credit Union Bank.

These companies attracted clients not only from Ukraine, but also from the United States and EU member states.

“There is currently no regulatory framework for the cryptocurrency market in the country, so investors should be aware of the significant risks of investing in digital assets,” the NSSMC said.

The Commission plans to hold meetings with European and American regulators to bolster information-sharing on the issue.

In early June, NSSMC presented a bill regulating the taxation of cryptocurrency operations in the country, and an updated text of the ‘On Virtual Assets’ law with MiCA-compliant provisions.

Lawyers noted problems with the tax bill.