🚨 BREAKING: Ukraine’s Central Bank Pushes Back on New Crypto Law! 🇺🇦
The National Bank of Ukraine (NBU) has officially refused to back the current draft of Crypto Asset Bill No. 10225-d. Just as the legislation was heading for a final parliamentary vote, the central bank stepped in, sounding the alarm on several major structural flaws.
Here is why the NBU is demanding immediate revisions:
🛑 Monetary Sovereignty at Risk: The NBU warns that admitting foreign-issued tokens (which function like e-money) without strict oversight could severely threaten Ukraine’s national currency and monetary control.
⚖️ Monopoly & Corruption Loopholes: Under the current draft, regulators have open-ended power to decide how many exchange platforms can operate in the first five years. The NBU argues this breaks an earlier agreement for open competition and creates a breeding ground for monopolies.
📜 Rushed Legislation: The central bank noted they only received the final text the evening before the committee vote, leaving no room for proper institutional review.
What’s Next?
The NBU isn’t anti-crypto—they are explicitly pushing for regulations that align tightly with the European Union’s MiCA framework and IMF standards.
Bill 10225-d was supposed to be the breakthrough that finally legalized and taxed Ukraine’s crypto market (targeting a July 2027 launch). Now, it faces a major roadblock.
👇 What’s your take? Should central banks have the power to block crypto legislation over "monetary sovereignty," or is this just another way to maintain control? Drop your thoughts below!
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