The Verkhovna Rada of Ukraine adopted the Law No. 3637 “On Virtual Assets” with the proposals of the President. The document stated that the law adopted by the Verkhovna Rada on September 8 last year could not be signed by the president, who made various amendments.
The document with the proposals of Volodymyr Zelensky was supported by 272 people’s deputies. According to the head of the National Commission for Securities and the Stock Market, Ruslan Magometov, Zelensky proposed that the specified market be attributed to existing regulators. This is justified by the fact that the sources of covering the costs of creating a new body have not been determined.
“Therefore, the president proposes that the activity and regulation of the virtual asset market be attributed to the competence of already existing financial regulators – the National Securities and Stock Market Commission and the NBU,” Magomedov said during a speech in the Verkhovna Rada.
The law, subject to presidential amendments, classifies services related to the circulation of virtual assets as financial services. This law should regulate relations in terms of creating, issuing virtual assets into circulation, as well as conducting transactions with them.
Earlier, Russian President Vladimir Putin asked the government of the country and the Central Bank (CB) to come to a consensus on the regulation of the cryptocurrency market.
Source: ixbt
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