Ukrainian Central Bank Backs Crypto Legalization, Opposes Payments

Andriy Pyshnyy, Governor of the National Bank of Ukraine (NBU), has voiced his support for legalizing cryptocurrencies within the country. In a recent interview with Cryptonews, Pyshnyy emphasized the importance of regulation. While advocating for legalization, Pyshnyy opposes the use of cryptocurrencies as a means of payment within Ukraine. The NBU aims to maintain control over monetary policy. Furthermore, the NBU is actively exploring the potential of a central bank-issued digital currency (CBDC). They are currently testing a development model and preparing for a pilot program. This move signals Ukraine's interest in embracing digital innovation within a regulated framework. The focus is on balancing technological advancement with financial stability. ```