The Ukrainian Parliament, the Verkhovna Rada, has delayed the consideration of bill No. 10225-d, which aims to regulate the turnover of virtual assets, to its next session beginning on September 2. According to Danylo Hetmantsev, the head of the parliamentary committee on finance, taxation, and customs policy, this postponement reflects the complexity of reaching a consensus on the legislation, which has been stalled during the 13th session.
The bill, if passed, would establish a comprehensive regulatory framework for cryptocurrencies in Ukraine, addressing issues such as licensing requirements for exchanges, anti-money laundering (AML) protocols, and consumer protection measures. Hetmantsev emphasized the need for a balanced approach that both fosters innovation and mitigates risks associated with virtual asset transactions.
Analysts suggest that the legislation could significantly impact Ukraine’s financial sector by providing clarity for businesses and investors operating in the cryptocurrency space. However, the delay raises concerns among industry stakeholders about the potential for regulatory uncertainty and possible international implications for the country’s financial policies.