The National Bank of Ukraine has proposed delaying the adoption of the bill “On Virtual Assets,” which regulates cryptocurrency operations in the country. This was reported by Kuna exchange founder Mikhail Chobanian.
According to him, the central bank has questions about verifying sources of funds for the “initial purchase of crypto.”
Update: later Mikhail Chobanian said that the proposal to refine the bill is an initiative of the first deputy head of the NBU, Ekaterina Rozhkova.
On December 2, the Verkhovna Rada of Ukraine in the first reading approved in principle the draft law “On Virtual Assets,” which defines virtual assets as an intangible asset.
The regulator’s function is assigned to the Ministry of Digital Transformation, and in some cases—to the National Bank and the National Securities and Stock Market Commission.
The bill complements the previously enacted law implementing FATF standards to counter money laundering and the financing of terrorism.
Earlier in the NBU stated that the legalization of cryptocurrencies would provide legal protection for users and market participants. In officials’ view, it is incorrect to call cryptocurrency a currency.
For more on what the bill “On Virtual Assets” will change for cryptocurrency holders, read ForkLog’s article.
Ukraine will legalise Bitcoin: what the draft ‘On Virtual Assets’ will change for cryptocurrency holders
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