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Ukraine aims to Regulate Crypto Market in line with EU Standards

The National Bank of Ukraine (NBU) is working on a plan to regulate the cryptoassets market in line with European standards. The NBU, along with the National Commission on Securities and the Stock Market, the Ministry of Digital Finance, and a group of MPs, hopes to adopt regulations similar to the EU’s Markets in Crypto-Assets (MiCA) legislation.

The NBU emphasized the importance of striking a balance between protecting consumers' interests and maintaining financial stability, while also taking into account the peculiarities of Ukraine's legal and financial system. The NBU intends to work with other regulators on its proposals and plans to place two regulators in charge of crypto regulation: the NBU and the National Commission for Securities and the Stock Market.

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