The Verkhovna Rada has postponed consideration of draft law No. 10225-d, which is supposed to introduce regulation and taxation of operations with virtual assets in Ukraine. The document will not be considered during the plenary week of November 9-13, Yaroslav Zheleznyak, the First Deputy Chairman of the Finance Committee of the Verkhovna Rada, announced on November 9.
According to him, the reason is that the draft law needs to be revised, in particular due to the comments of the National Bank of Ukraine. The NBU pointed out the risks associated with the admission of foreign stablecoins to the Ukrainian market, as well as the possible limitation of competition between crypto exchanges.
Why it matters to the market
Draft Law No. 10225-d is designed to regulate and establish taxation of operations with virtual assets in Ukraine. Currently, the cryptocurrency market in the country remains without separate regulation, so the adoption of the law affects everyone who trades in cryptocurrency or keeps savings in it.
The NBU's warnings concern primarily foreign stablecoins - digital coins whose rate is usually tied to dollars - as well as the possible impact of their admission on competition between Ukrainian crypto exchanges.
Currently, the exact date of the return of the draft law to consideration by the Verkhovna Rada is unknown.
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