⚖️ DVA REAL CASE #003

Regulating the crypto market: where technology ends



Ukraine already has an active crypto economy.



But market activity and legal certainty are not the same thing.



The key question:



when does a digital asset become part of a legal financial infrastructure?

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‎📜 Draft Law No. 10225-d

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‎On 3 September 2025, the Verkhovna Rada adopted Draft Law No. 10225-d as a basis.

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‎246 MPs voted in favor.

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‎But as of 26 September 2026, it is still a draft law.

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‎Official status:

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‎“being prepared for the second reading”.

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‎So saying that Ukraine has already fully legalized the crypto market is premature.

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‎🇪🇺 Why is MiCA important here?

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‎The European model shows that the crypto market is not only blockchain.

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‎It’s also:

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‎rules for market participants • requirements for providers • AML/KYC • disclosure of information • user protection • supervision • liability.

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‎Technological infrastructure can exist for years.

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‎But legal infrastructure determines how it interacts with the state and the traditional financial system.

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‎🏦 Where are the banks here?

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‎A bank does not necessarily disappear.

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‎The potential architecture could look like this:

‎grivnia bank regulated VASP blockchain digital asset.

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‎Or in the reverse direction:

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‎digital asset • VASP • compliance • bank • grivnia.

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‎Blockchain is becoming a technological rail.

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‎The regulator sets the rules.

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‎The bank remains part of the financial system.

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‎And the user gains access to digital assets.

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‎🧭 DVA conclusion

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‎The question is no longer whether crypto exists.

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‎It does exist.

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‎The question is different:

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‎how to turn a practically existing crypto-economy into a transparent legal infrastructure?

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‎And at the same time — how not to create such barriers that would make the Ukrainian market non-competitive.

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‎The final answer will not be given by presentations.

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‎It will be given by the text of the law, by-laws, and regulator practice.

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‎DVA draft law ≠ law; fact ≠ forecast.

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‎#BTC☀️ #hold

‎Preserving value, time, and energy.

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‎DVA COMMUNITY