The National Bank of Ukraine (NBU) has expressed openness to legalizing cryptocurrencies—but only under strictly defined conditions. Governor Andriy Pyshnyi stated in an interview with RBC-Ukraine that the country is ready to regulate the digital asset market, provided it does not disrupt monetary stability, the macroeconomy, or wartime emergency measures.

🔹 Bitcoin as a currency? Absolutely not

“Virtual assets cannot be legal tender and must not undermine the effectiveness of our monetary instruments,” Pyshnyi emphasized. He made it clear that payments in cryptocurrencies like Bitcoin remain out of the question. However, he did not rule out their use as investment tools—if strictly supervised.

🔹 Goal: Bring crypto out of the shadows

The NBU governor believes that smart legalization could help “bring the crypto market into the light” and enhance Ukraine’s credibility with Western partners. Key to this is transparent oversight—both over capital flows and consumer protection.

🔹 FATF, MiCA, and anti-money laundering

According to Pyshnyi, Ukrainian legislation must comply with international anti-money laundering standards (FATF) and the European MiCA regulation. Legalizing digital assets must align with these principles to prevent abuse.

🔹 Draft law on crypto reserves

A bill is also in play that would allow the central bank to hold cryptocurrencies as part of Ukraine’s foreign currency reserves. The proposal, already submitted by a group of lawmakers, is expected to be debated in August, according to Finance Committee Chair Danylo Hetmantsev.

🔹 Pressure on the government and firms leaving the country

Delays in adopting comprehensive crypto rules have caused frustration not only among lawmakers but also in the crypto industry. Companies such as Weld Money and crypto exchange Kuna have already announced they are exiting Ukraine due to regulatory uncertainty and wartime restrictions.

Summary:

Ukraine is ready to legalize crypto, but it's drawing strict lines—no BTC payments, no undermining the country’s monetary policy. The goal is transparency, stability, and credibility in the eyes of Western partners. The crypto market could get the green light—if it agrees to play by the rules.

#ukraine , #crypto , #Regulation , #CryptoNews , #blockchain

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