By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Markets > Crypto > Ukraine Central Bank Details Crypto Regulation Plan
Crypto

Ukraine Central Bank Details Crypto Regulation Plan

News Room
Last updated: 2023/06/09 at 3:29 AM
By News Room
Share
2 Min Read
SHARE

The Ukrainian central bank has explained its vision of crypto regulations, with the nation looking to move closer to EU models.

Informator reported that the National Bank of Ukraine (NBU) wants to regulate the “cryptoassets market” in line with “European standards.”

The NBU, the National Commission on Securities and the Stock Market, the Ministry of Digital Finance, and a group of MPs began working on a regulation plan earlier this year.

Kyiv has stated that it hopes to adopt regulations in the spirit of the EU’s Markets in Crypto-Assets (MiCA) legislation.

And in its latest statement on the matter, the NBU spoke of the need to strike a “balance between protecting the interests of consumers” and “financial stability.”

The bank said that while regulation should “be close to European norms,” it should also “take into account the peculiarities of the nation’s legal and financial system.”

The bank also spoke of the importance of “transparency,” and said the rights of “all” crypto market “participants” should “be protected.”

The NBU said it intends to “work with other regulators” on its proposals.

Arsen Makarchuk, the NBU’s Director of Strategy and Development, spoke of the need to “create conditions for market development.”

He said:

“The main task is to build transparent and clear rules [for] the virtual assets market. [These rules must be] mutually beneficial for everyone: both for service providers and for their users.”

And Makarchuk said that two regulators would be placed in charge of crypto regulation: the NBU and the National Commission for Securities and the Stock Market.

The director said:

“Regulation must be adjusted [to best suit Ukraine]. But this does not contradict the fact that that, conceptually, we should [use] the same standards as the EU.”

Kyiv appears to have abandoned its former approach to crypto regulation.

Lawmakers in the nation were previously happy to take a relatively “light touch” approach to regulation.



Read the full article here

News Room June 9, 2023 June 9, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Poland votes in tight presidential election

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Kelly Ortberg: Boeing should not be an ‘unintended consequence’ of trade war

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Donald Trump’s steel tariffs prompt anger and warnings of ‘catastrophic’ job cuts in Canada

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Military briefing: How Iran is preparing for Israeli or US strikes

Iran has been seeking to bolster its air defences as the military…

President Trump holds Cabinet meeting

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

Crypto

'Fundamental Shift' in Traditional Bitcoin Market Cycle May Be on the Horizon

By News Room
Crypto

FTX/Alameda Unstakes Over $1B in Solana – Is a Major Price Shift Coming?

By News Room
Crypto

Mastercard Launches “Crypto Credential” To Replace Wallet Addresses With Usernames

By News Room
Crypto

Polygon Executive Pivots Roles To Developing ZK Proof Tech

By News Room
Crypto

Altcoin Interest Driving South Korean Crypto Craze – Report

By News Room
Crypto

Russian Central Bank Flags Sharp Rise in Crypto-related Activity

By News Room
Crypto

BitGo’s $100M Suit Against Galaxy Gets Green Light from Delaware Supreme Court

By News Room
Crypto

Here Are Your Top Crypto Gainers Today on DEXScreener

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?