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National Bank of Ukraine says it cannot support virtual assets Draft Law No. 10225-d in its current version, citing foreign tokens, regulatory arbitrage and monopolisation risks

Read the item · published 2026-11-04

Evidence

Confidence
High Primary source (regulator / official record); quote string-matched against the live page.
Quote verified
2026-11-05 17:05 UTC
Archived snapshot
SHA-256 3d8df1064b1ddfa65f699c5c3fe2d7ed7bbfbf9106840c8a31f3fda6e90c1d81 · fetched 2026-11-05 · Wayback Machine copy ↗
Source type
Primary National Bank of Ukraine ↗
Saved excerpt around the quote (source text, 2026-11-05)
… mutually exclusive. However, sustainable development is possible only if clear rules, proper regulation, and effective risk oversight are in place. The NBU has made significant efforts to find compromises and develop a balanced regulatory framework. However, the failure to take the NBU's fundamental concerns into account makes it impossible for the NBU to support draft Law No. 10225-d in its current version. We call on members of parliament to further refine the document with the involvement of all participants in the legislative process and to take the above concerns into account. The NBU stands ready to continue constructive cooperation within its man …
Change log (1)
  1. 2026-11-05 Published

Verified quotes

  • “However, the failure to take the NBU’s fundamental concerns into account makes it impossible for the NBU to support draft Law No. 10225-d in its current version.”
  • “The draft law allows foreign tokens to enter the Ukrainian market even if they effectively perform the functions of electronic money but are not subject to the relevant regulation and supervision in their countries of issuance.”
  • “The NBU’s position: The NBU must have the authority to assess the risks associated with such foreign tokens and, where necessary, restrict their circulation in Ukraine, just as it can for tokens issued in Ukraine.”
  • “However, the final version of the draft law does not establish a clear limit on the number of operators allowed to operate during the first five years.”

String-matched against https://bank.gov.ua/en/news/all/pozitsiya-natsionalnogo-banku-ukrayini-schodo-zakonoproyektu--10225-d-pro-obig-virtualnih-aktiviv by our verifier before every deploy.

AI-drafted from the primary source; quote string-matched against the live source page · AI-assisted