The Advisory Council on the Regulation of Virtual Assets, which is dedicated to updating the crypto framework in Ukraine, held its first meeting on 1 December.

Organized by the National Securities and Stock Market Commission, the council discussed amendments to the legislation on virtual assets in a bid to gear the National Tax Code towards crypto regulation.

Representatives from the President’s Office, the National Bank of Ukraine, expert organizations, and the market community attended the event. The Ukrainian regulatory community is working closely with international experts on the project, including global consulting firm Ernst & Young and the USAID Financial Sector Reform project.

(by Suzuki Shillsalot)