G7 ambassadors took note of the National Bank of Ukraine’s remarks on the draft cryptocurrency law and stressed regulator independence.

G7 response

Diplomatic representatives acknowledged the NBU’s observations and emphasised the importance of maintaining a strong, independent supervisory framework for Ukraine’s financial sector.

NBU objections

The National Bank of Ukraine did not support the current draft, citing risks to financial stability and potential harms to competition.

The NBU also requested clearer reporting obligations and stronger oversight mechanisms to ensure systemic risks are identified and mitigated promptly.

• Strengthen controls over foreign-issued tokens to mitigate cross-border financial risks and to prevent regulatory arbitrage across jurisdictions.
• Clarify admission rules for trading platforms, including transparency standards, governance requirements, and criteria for market entry and continued operation.

Legislative process

Lawmaker Yaroslav Zheleznyak stated that lawmakers will revise the bill to account for both the NBU’s and parliamentary lawyers’ remarks.

Parliament’s legal department will review text changes to ensure consistency with existing financial legislation and constitutional requirements.

Officials did not provide a timeline for amendments, and details on specific changes will be subject to further parliamentary review.