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G7 Ambassadors Respond to NBU Crypto Bill Position

Ukraine’s parliamentary finance committee backed draft law No. 10225-d on virtual assets, but the bill will not be considered during the current plenary week while parliamentary lawyers review its 270-page text. The National Bank of Ukraine opposes the current version, saying it poses risks to financial stability and competition and needs stronger oversight of foreign tokens and clearer rules for authorizing trading venues.

On Nov. 7, the G7 Ambassadors’ Support Group in Ukraine took note of the NBU’s position. The securities regulator supports the bill and has urged its passage in a second reading. If adopted, the proposed rules are set to take effect on July 1, 2027.

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