This was announced by the head of the financial sector reform department of the National Bank of Ukraine, Evgeniy Stepanyuk. The official published an official statement on March 26 on the NBU Facebook page. The NBU believes that such a policy will be able to prevent money laundering using digital currencies, as well as stop abuse in the market.
“The need for regulation of cryptocurrencies is very high, since a large number of unprofessional investors appear on the market, whose rights need to be protected,” Stepanyuk noted during the BlockchainUA conference, which took place in Kyiv on March 23.
The official said that crypto regulation should be adopted by all countries according to the same rules, since regulation within one individual country may be ineffective due to the anonymity of cryptocurrency transactions. Therefore, regulators of all countries should cooperate at the global level.
It is worth noting that such an initiative has not yet caused a positive reaction from crypto enthusiasts and ordinary citizens - in most comments under Stepanyuk’s message on Facebook shows more of an indignation and irritation than enthusiasm.
Some users say that this is another PR move by the NBU and pure populism, while others believe that this is a way to make money. Investors are outraged why “the need to protect rights” is a voluntary-compulsory act; they want to “see at least one document of the National Bank that would really be aimed at protecting the rights of investors, and not just populist slogans covering the true essence of the National Bank in Ukraine.”
Some crypto enthusiasts are completely bewildered: “not so long ago, the National Bank and deputies shouted with one voice that cryptocurrencies are a pyramid, why do they want to control them in this case?”
In a word, it is too early to draw conclusions. What this NBU policy will lead to will become clear only after statements turn into concrete actions and the corresponding document is published
You May Also Like
The SEC accounts for 30% of cases related to claims against crypto platforms
An unexpected fact about the cryptocurrency industry - despite the bearish market trend, business for digital asset lawyers is booming. Forty-five cryptocurrency-related lawsuits were filed in the first half of this year, according to research firm Diar.
Estonia has issued more than 900 licenses to crypto companies
Estonia has become one of the most loyal jurisdictions for the crypto industry in the European Union. The country has already issued more than 900 licenses for conducting cryptocurrency business.
