Ukraine Central Bank Rejects Crypto Bill Cleared for Second Reading

The National Bank of Ukraine said it will not back Draft Law No. 10225-d on virtual assets, which a parliamentary committee cleared for a final vote. The bank cited lack of transparency, risks to monetary sovereignty from unsupervised foreign tokens, regulatory arbitrage, and potential monopolization in licensing trading platforms. If adopted, the rules would take effect on July 1, 2027, with supervision split between the NBU and the securities commission.