Ukraine central bank opposes crypto bill cleared for parliamentary vote
Image: Bitcoin MagazineUkraine's National Bank has refused to support Bill 10225-d, warning that it could let foreign tokens function as electronic money without adequate oversight. The bill, modeled on EU MiCA rules, has been cleared by a parliamentary committee for a final vote. It proposes a reduced 5% tax on profits from assets acquired before 2027 and would take effect on July 1, 2027 if passed.
Key points
- The National Bank of Ukraine publicly declined to back Bill 10225-d, citing threats to monetary sovereignty.
- The bill would permit foreign tokens that act like electronic money without matching supervision, which the NBU says risks financial stability.
- Parliament's finance committee has recommended the bill for a second reading and final vote.
- The legislation proposes a reduced 5% tax rate on profits from assets acquired before 2027, lasting through 2028.
- If enacted, the rules would become effective on July 1, 2027, with oversight split between the NBU and the securities commission.
Why it matters
The outcome will determine how foreign crypto assets are regulated in Ukraine, affecting market participants and the country's monetary control.
What's unclear
It is unclear whether lawmakers will amend the foreign‑token and licensing clauses before the floor vote.
The final text was received late and the process was described as not sufficiently transparent, leaving the exact provisions uncertain.
Sources · 4 publishers
Crypto Briefing
Tier 2
National Bank of Ukraine opposes crypto legalization bill over sovereignty concerns
Unchained
Tier 1
Ukraine’s Central Bank Withholds Support as Crypto Bill Nears Final Rada Vote
Bitcoin Magazine
Tier 1
Ukraine Central Bank Refuses to Back Crypto Bill Cleared for Second Reading
Coverage timeline
- First reported by CoinDesk
- Also reported by Crypto Briefing
- CryptoVideos brief published
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