G7 Ambassadors Respond to NBU's Position on Cryptocurrency Market Bill

A group of G7 ambassadors has taken note of the remarks made by the National Bank of Ukraine regarding draft law No. 10225-d on the regulation of virtual asset circulation. The statement emphasizes the importance of financial stability, transparency, and the independence of the NBU. At the beginning of November, the parliamentary committee supported the document; however, the National Bank did not approve its current version, citing risks to financial stability and competition. Among the NBU's remarks is the need to strengthen control over foreign tokens and establish transparent rules for the authorization of trading platform operators. The National Securities and Stock Market Commission supported the document and urged the Verkhovna Rada to adopt it in the second reading. The consideration of the bill in the second reading is scheduled for November, and the new rules may come into effect on July 1, 2027. On November 9, Yaroslav Zheleznyak noted that the document would not be reviewed during the current plenary week due to the need for detailed proofreading.

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