In Ukraine may soon legalize crypto-currencies, propped up turnover limits at the level of legislation.
Representatives of the National Bank and the Parliament of Ukraine has developed and posted for public access for discussion and amendment the bill, which implies the legalization of cryptocurrency circulation in Ukraine. The document is called “About the application of technology distributed registry of digital transactions, and legal status of the token and cryptocurrency in Ukraine.” This was told to the press, the Deputy Chairman of the National Bank of Ukraine Oleg Churiy.
He said that Ukrainians will have to obtain a license from the state on business related to cryptocurrency.
“On behalf of the Council of national security and defence, the completion of a management concept of the cryptocurrency market. Its development has been the interdepartmental working group with regulators of the financial market and its participants. The concept is that cryptocurrencies will be recognized as one of the types of assets that are traded on exchanges. Activity in the cryptocurrency market will be licensed and market participants will be responsible for compliance with financial monitoring for operations. A regulator of this market will be the national Commission on securities and stock market”, — said Deputy head of the NBU Oleg Churiy.
One of the authors of the project, the people’s Deputy Alexey mushak noted that the adoption of this draft will allow the use of blockchain technology in other industries.
“The document is intended to create a free and transparent cryptocurrency market in Ukraine, to encourage the use of blockchain technology in social spheres, particularly in medicine and education,” — said the MP.
The draft legislative instrument has been made extensive comments from readers, and one of them raised the issue of the regulation of the ICO, which need to be considered separately from the digital asset, given the “widespread fraud” in the space ICO.
In the Ukrainian Parliament still has not come to a consensus about ICO, fearing that overly harsh measures could halt the development of.
In may, Ukrainian national Commission on securities and stock market (NCCPPR) announced that it will consider recognition of cryptocurrency as a financial instrument, suggesting that the regulation now must be determined at the national level, given that international standards is still unclear.
In January, the national Bank of Ukraine (NBU) has declared that “considers” the introduction of the digital version of the national currency — the hryvnia, which is not based on the blockchain.