In Ukraine, the cryptocurrency market can no longer remain without state control

In Ukraine, the cryptocurrency market can no longer remain without state control

The Ukrainian government is forming a working group to resolve the issue of the uncontrolled circulation of cryptocurrency in the country. A message posted on the website of the Council of national security and defense Council (NSDC).

NSDC Secretary Oleksandr Turchynov during the meeting of the National coordinating centre for cyber security noted that the lack of regulation of cryptocurrency market is a threat to the economy and security of the country and, therefore, this question can no longer remain without attention of the state.

At the meeting they discussed issues of cyber defence of Ukraine. Did not remain without attention and the problems associated with uncontrolled turnover of cryptocurrency in the country.

According to the NBU, the security service and the National police of Ukraine, lack of internal and external control over the circulation of cryptocurrency and anonymity of calculations and potentially creating the preconditions for their use with the purpose of the legalization of criminally obtained funds, payment forbidden to the free circulation of goods, including drugs and weapons and to Fund terrorism.

Turchinov believes that the neglect by the state and the legal vacuum in the cryptocurrency market due to the lack of a legislative and regulatory framework “creates a threat to the economy and security of the state.”

The NSDC Secretary said:

“Given the rapid development of cryptocurrency in the world, this question can not remain without attention of the state.”

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