Ukrainian Parliament urged to pass virtual assets bill in second reading

The Committee on Digital Transformation of Ukraine recommended the Verkhovna Rada adopt the bill ‘On Virtual Assets’ in the second reading. This was announced by Deputy Minister of Digital Transformation Alexander Bornyakov.

The revised draft bill incorporates current international standards for regulating operations with digital assets, he noted.

According to Bornyakov, bringing digital assets into the legal framework will ensure the lawful operation of international cryptocurrency exchanges, allow citizens to tokenise property rights, and the state will guarantee judicial protection of rights to cryptocurrencies.

Earlier, in the first reading the Verkhovna Rada passed the bill ‘On Virtual Assets’ in December.

It complements the previously adopted law implementing FATF norms to counter money laundering and terrorist financing.

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