🔥 The NCSRF officially retreats. What does this mean for the entire market?

Friends, pay attention. Today — no jokes, no embellishments, only facts and analytics.
There is a tectonic shift happening in Ukraine's crypto sector that most people haven't even heard of. But those who read our series 'Cryptocurrency as a Path to Financial Freedom' knew that this moment was inevitable.

Because we have long noticed:

👉 Sharp statements by Hetmantsev.

👉 Tough position of the NBU.

👉 “Cold War” between regulators.

👉 And the gradual sidelining of the NCCPFR from crypto issues.

And this has officially happened.

🧨 NCCPFR: "We will not fight for the role of the crypto market regulator"

Commission representatives gave a comment that can be considered historic — although tragic for the industry.

Quote:

"The variant of the bill that the deputies adopted in the first reading excluded the NCCPFR as one of the regulators. We will not fight for this role. We will focus on our core activities."

And further — even stronger:

"Due to the personal animosity of certain deputies, obstacles were created, and the political race became more important than real work."

Sorry, but…

This is a direct shot at Hetmantsev.

We have been tracking their confrontation for a long time, but now it is officially confirmed. The Commission basically says:

👉 We were knocked out of the game not due to weakness, but due to political conflict.

👉 Decisions about the regulator were made unprofessionally and personally.

This is an unprecedented admission.

⚠️ WHAT DOES THIS MEAN FOR THE MARKET?

🔸 1. The crypto market regulator is NOT defined

In the first reading of bill No. 10225-d it is written:
control between the NBU and “another body to be determined by the Cabinet”. But who is it?

  • Ministry of Digital Transformation?

  • New mega-regulator?

  • Special agency under the Cabinet?

  • NBU management?

No one knows.

It would be as if the country decided to create highways but did not define who would govern the traffic rules.

🔸 2. The role of the NCCPFR has been reduced to zero

And this is not just their “modesty”. This is a planned political cleanup, about which we wrote earlier, analyzing:

  • The matrix of the NCCPFR (their most professional document)

  • critical statements by Hetmantsev

  • the position of the NBU

  • internal confrontation of institutions

And here is the finale: The Commission was sidelined because that’s what the politicians decided.

🔸 3. We are facing a regulatory vacuum in 2026

We have already predicted this in previous releases of the series.
Today these risks have become a reality:

  • who will license VASP?

  • who will set AML standards?

  • who will protect the market from fraud?

  • who will oversee exchanges?

  • who will work with MiCA?

The answer: nothing is clear.

🔥 WHY DOES THIS AFFECT EVERY CRYPTAN

Because there is no defined regulator:

  • Licenses will not be issued in time

  • The law may work fragmentarily

  • Banks will continue to block crypto transfers

  • VASP businesses will not open in Ukraine

  • And the P2P segment will hang between “can” and “cannot”

Ukraine risks getting not a progressive market, but another gray zone with legalization “on paper”.

🔥 SO WHAT NEXT?

The Commission states that it supports the creation of a transparent, European cryptocurrency market.

This is important.

But it also says directly:

"We are not involved in this work."

And this means that:

❗ key decisions will be made between

NBU ↔️ Council ↔️ Cabinet

without a profile market regulator.

And this will determine the rules of the game for each of us in 2026–2027.

🔥 CONCLUSION

What has happened is not just news. This is a moment of truth.

We have revealed the “wars of regulators” for weeks, analyzed the Matrix, exposed contradictions in the positions of the NBU and Hetmantsev, and showed the struggle for influence.

And today we have official confirmation:

🔥 Ukrainian crypto regulation is entering a phase of turbulence.

And whoever does not understand this — risks a lot in the next two years.

📌 Series "Cryptocurrency as a path to financial freedom" — the most comprehensive guide on this topic

  1. Crypto in white, or what the new law of Ukraine on virtual assets changes

  2. How to calculate your crypto profit to avoid becoming a donor for fines

  3. Big crypto amnesty-2026: a chance to whiten old coins

  4. Companies and individual entrepreneurs: how to calculate crypto profit and avoid tax "swings"

  5. VAT: where is the "zero brake", and where are the "lying policemen"

  6. VASP: registration with the State Tax Service and annual report — "the lazy will suffer"

  7. Sanctions: amounts, terms, checks, even confiscation of VA

  8. Banks, payment systems, compliance: what does this mean for the financial industry

  9. Simplified tax system and VA: "single tax payer" and crypto are incompatible

  10. What else is "in the air": regulator, forms, subordinate legislation

  11. New crypto law: experts, pitfalls, and realities of legalization

  12. Crypto as a "service on a smartphone": the government included legalization in the digital transformation plan

  13. Crypto and Hetmantsev: what to expect from the second reading?

  14. The battle for the crypto regulator in Ukraine: NBU vs. NCCPFR

  15. The law on crypto under the microscope: NCCPFR vs. Council — who will win?

  16. "Digital Traps": new taxes for ordinary Ukrainians

  17. Binance in Odesa: what they say about the new crypto law

  18. Small business under the pressure of the budget-2026: how the government tightens the screws and why crypto is becoming even more relevant

  19. Tax on luxury meters: how the state takes from both crypto and housing

  20. The digital revolution in law: now even crypto is a “thing”

  21. The secret matrix of crypto taxes: what did the NCCPFR want and what was cut from it?

  22. Emergency release: "The War for Crypto. Hetmantsev against the Commission and the Ministry of Digital Transformation"

  23. Emergency inclusion, part 2: Hetmantsev against the NCCPFR — where is the truth, and where is the political smoke?

  24. Matrix under the microscope: what did the NCCPFR want and what is left in the crypto bill?

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