Nikolaychuk called the vast majority of cryptocurrencies with volatile assets with a high level of risk, while the main principle of managing international reserves should be the safety of funds. Sharp drops and jumps in the exchange rate of crypto acts can reduce the total volume of reserves, Nikolaychuk explained.
He added that among the world regulators there is still no clear understanding of how to regulate cryptocurrencies. The official referred to the early statements of the European Central Bank (ECB), which refused to recognize Bitcoin as a reserve currency. Nikolaychuk also considers unacceptable the inclusion of crypto assets in state strategic reserves.
“The European Central Bank has taken a fairly clear position. He is against the creation of a cryptocurrency reserve. Because state reserves should be liquid, safe and reliable, ”Nikolaychuk said.
In August, the Chairman of the Committee on Finance, Tax and Customs Policy of the Verkhovna Rada of Ukraine Daniil Getmantsev said that the bill on the creation of a crypto -reserve introduced in June is unlikely to be adopted by parliament. This is due to the fact that the NBU is studying the possibility of legalizing crypto assets, but is not ready to recognize them with a payment tool. Last year, the founder of the Kuna crypto-tank accused the Ukrainian Central Bank of destroying the cryptocurrency market due to restrictions on the purchase and sale of digital assets for the hryvnia.
Source: Bits
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