The Central Bank of Ukraine said that it is ready to move forward with Crypto Vidhiyization, which confirms that virtual assets will not be recorded as a legal tender according to RBC Ukraine.
The National Bank of Ukraine (NBU) Governor Andrey Cyship said on 8 August that “virtual assets could not be a means of payment in Ukraine” and this ban was described as a “red line”, which prevents channels to protect monetary policy and illegal transactions.
The Central Bank has also investigated unlicensed crypto exclusive operations, warning on 4 August that such active has created RISCS for banking and payment systems.
The policy trend is shaped in part with digital assets with a war -time experience of Ukraine. In the early months of the Russian invasion, government ministries, NGOs and volunteer groups moved to cryptocurrency to receive rapid, border donations.
Kakinar for public blockchain data, Ukraine received more than $ 70 million in Crypto by March 2022, mainly in bitcoin, atherium and stabelcoin. Those funds were used to support medical supply, protective equipment, and defense -related needs, which reduces the speed and flexibility of blockchain transfers compared to traditional banking channels during the conduct of crisis.
This is a compressed call for a compressed legal framicwork that people integrate or create weaknesses with the role of Hrvania in Ukraine’s financing system. Parliament passed the Virtual Assets Act in 2022, provided the foundation for licenses, oversight and taxation of crypto-relief businesses.
Enforcement, Hawl, delayed because MPs worked to entertain the tax code and nominate the appropriation regulators. Under the initial roadmap, the MPs targeted to pass the Employment Act by the first quarter of 2025, aligned with the European Union markets in the Crypto-assets (MICA) structure and implemented security taxes without any preferential treatment.
The timetable has made serious changes that. NBU’s first Deupoot Governor Katrena Roskova told Interfax that a new draft of virtual assets law is expected till October 2025. The IMF and the European Union regulator are designed to meet the expectations. Officials have emphasized that the prepartary work is alive by delaying, AML, and the complexity of aligning licensing regime.
Meanwhile, in June, MPs launched the Drift Law number 13356, which would discriminate to hold NBU to hold a cryptocurrency such as bitcoins in national reservation with traditional assets. This proposal does not make such holdings compulsory and further the decision to enter the Central Bank. Supporters argue that it will give flexibility in managing Ukraine, which criticizes criticizing digital assets and potential effects on reserved stability.
The latest statement of NBU confirms that the globalization remains on the agenda, but only within a tightly controlled framework that preserves the position of Hrvania as the only legal tender.
Regulatory agencies continue to prepare for impulse for mesus such as monitoring market activity and coordination with international partners.
This process reflects the effort to captain the war-deeds of digital assets while embedding for the desired structure to protect monetary siveracribe and financial stability.
The Post NBU draws a red line on crypto payment as Ukraine Iber Vidyagization appeared on the first cryptoslate.
