The national Bank made a loud statement about the status of cryptocurrency in Ukraine

The national Bank made a loud statement about the status of cryptocurrency in Ukraine

Financial regulators issued a joint statement on the status of cryptocurrency in Ukraine. The relevant document posted on the official website of the NBU.

It deals about the risks that are Ukrainian investors who invested in the cryptocurrency. However, it is noted that financial regulators continue to study the issue of the legal status of cryptocurrencies and legislative settlement of transactions with them, taking into account the position of regulators in other countries and recent trends in the development of such technologies.

“We, the national Bank of Ukraine, the national Commission on securities and stock market national Commission carrying out regulation in the sphere of financial services markets, are convinced that the complex legal nature of cryptocurrencies does not allow to recognize them either in cash or currency and means of payment of another country or monetary value or electronic money, no securities, no cash substitute.

We do, however, financial regulators in Ukraine, continue to study the issue of the legal status of cryptocurrencies and legislative settlement of transactions with them, taking into account the position of regulators in other countries and recent trends in the development of such technologies. The purpose of this resolution is to protect the rights of consumers, combating money laundering and other illegal actions, identification of entities of operations (financial monitoring), the taxation of income received, Declaration and the like”, – stated in the press release of the national Bank.

In this case the regulator notes that any activities related to the operations of purchase, sale, exchange and conversion of cryptocurrencies carries a large number of risks, both physical and legal persons should be aware of before you perform operations with cryptocurrency.

“Warning: risk of loss in transactions with cryptocurrencies is extremely high. All who plan to invest their own money in cryptocurrencies should be aware that will perform this operation at your own risk,” reads a joint statement of financial regulators.

We will remind that on November 28, the Kyiv city Council appealed to the Verkhovna Rada, President Petro Poroshenko and the National Bank with a request to create a regulatory framework for development in Ukraine of cryptocurrencies and to launch a national cryptocurrency.

In the document the fight against cryptocurrency is called a waste of time.

The draft decision proposes to legalize the procedure blockchain crowdfunding and other technologies.

Submitted the draft decision, the mayor Vitaly Klitschko.

On the same day, 28 November, bitcoin has set a new absolute record for the first time, its rate exceeded 10 thousand dollars.

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