The Central Bank of Ukraine said that digital assets can be valid and regulated, but cannot be used as a legal tender. While the National Bank of Ukraine (NBU) is opening the door to the virtual asset market, it is opposing the recognition of any cryptocurrency as a legal tender.
NBU President Andry Payoshi said on 7 August 2025, “When create legislative structure for the implementation of virtual assets, in view of European integration, we should move in a clear direction, which is in custody by European As Believement Instructions and Relevant European Union Rules.”
“At the same time, this director entered the Forge in January 2025 and provides quite widespread for conscience and national regulation,” he said.
NBU emphasized that “red lines” about monetary sovereignty, payment functions and duration of capital control.
“It is important to us that our” red lines “are clearly seen,” said the light. “Virtual property cannot be a means of payment, no way can not reduce the effectiveness of our monetary equipment.”
He said, “There should be no transfer of monetary powers due to the modernization of virtual assets and should not reduce the capacity of the National Bank,” he said.
Cryptocurrency will not make the meaning of payment in Ukraine – it is National Bank "Red line"The Chief Central Banker said.
,Dear National Bank of Ukraine, here you go
, Ukraine has a huge OTC market. No one can close it.
– Thefuzzstone (@Thefuzzstone) August 7, 2025
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“Our effectiveness should not be reduced in ensuring financial monitoring of virtual assets”
For Pyshny, the law in the field of Crypto should be implemented by the International Financial Work Force (FATF) standards and norms of relevant European rules. He said, “This shade area should not be fuel.”
In addition, he said that the ideal solution would be that if the gradation of virtual assets will always allow the market to de-shad.
“And this means that perhaps we need to do a widespread discussion.
Kiev is also actively conserving Hrvaniaia’s primacy and tested a central bank Digital Currency (CBDC), e-hrvania.
Explore: Law has proposed a law to include digital assets in Ukraine National Strategic Reserve
The law has been proposed to the law to include digital assets in Ukraine National Strategic Reserve
On 10 June 2025, Ukraine introduced a drift law amending the law to include virtual assets in gold and foreign exchange reserves. The proposed N&E will allow digital assets such as bitcoin to be included in the country’s store. No, the country is moving quickly to establish its crypto.
It comes after a Ukrainian legalist Yaroslav Plans, which helps in the overseas of the country’s finance and tax policy, accepts the intentions of a crypto reserve.
“We, as members of Parliament, believe that this step will help us in innovation,” Jhelezniaq said. “Proper management of Crypto reserves can strengthen the comprehensive economic stability and unlock new opportunities for digital economic development.”
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key takeaways
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Ukraine has been one of the more Crypto-Forevard Counties, with remittances, donations and adoption at high ground level by digital-national communities.
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The National Bank of Ukraine supports legalizing crypto with a strong regulator Framiwork. But NBU opposes recognition of any cryptocurrency as a legal tender.
The post “Virtual assets may not be a means of payment,” says Ukraine Central Bank, while supporting legalization first appeared on 99bitcoins.