Ukraine’s central bank opposes crypto bill, citing monetary sovereignty concerns

The National Bank of Ukraine said draft law No. 10225-d fails to address concerns raised with lawmakers, regulators and industry representatives, and it received the final version late Tuesday, leaving little time for review before a committee approved it for a second reading. The NBU called the drafting process "not sufficiently transparent." The bank backs regulation aligned with the EU's MiCA framework and IMF recommendations. It warned foreign-issued tokens could act as electronic money, threatening monetary sovereignty, and said leaving the number of trading platforms to the securities regulator's discretion risks monopolization and corruption.

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