The Advisory Council on the Regulation of Virtual Assets, which is dedicated to updating the crypto framework in Ukraine, held its first meeting on 1 December. Organized by the National Securities and Stock Market Commission, the council discussed amendments to the legislation on virtual assets in a bid to gear the National Tax Code towards […]
The Advisory Council on the Regulation of Virtual Assets, which is dedicated to updating the crypto framework in Ukraine,Organized by the National Securities and Stock Market Commission, the council discussed amendments to the legislation on virtual assets in a bid to gear the National Tax Code towards crypto regulation.
Representatives from the President’s Office, the National Bank of Ukraine, expert organizations, and the market community attended the event. The Ukrainian regulatory community is working closely with international experts on the project, including global consulting firm Ernst & Young and the USAID Financial Sector Reform project.
The market also received incentives for development and competitive advantages rather than regulation.the “On Virtual Assets” law earlier this year. The bill established the National Securities and Stock Market Commission of Ukraine and the National Bank of Ukraine as the crypto market’s primary regulators.Last month, pro-crypto Ukrainian lawmakers and the public union Virtual Assets of Ukraine The roadmap called for the establishment of a regulatory sandbox for blockchain and Web3 projects.
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