- The G7 Ambassadors’ Support Group in Ukraine on Nov. 7 took note of the National Bank of Ukraine’s position on draft law No. 10225-d.
- The group said financial stability, transparency and the NBU’s independence remain critical to Ukraine’s economic resilience and the effectiveness of international support.
- A parliamentary committee backed the virtual-assets bill, but the NBU said its current version creates risks to financial stability and competition.
- The bill will not be considered during the current plenary week while parliamentary lawyers review its 270-page text.
The G7 Ambassadors’ Support Group in Ukraine on Nov. 7 responded to the National Bank of Ukraine’s position on draft law No. 10225-d, which would regulate the circulation of virtual assets. The group emphasized the importance of financial stability, transparency and central bank independence to Ukraine’s economic resilience and the effectiveness of international support.
Dispute over the draft law
In early November, the Verkhovna Rada’s Committee on Finance, Tax and Customs Policy backed draft law No. 10225-d on regulating the virtual asset market. Committee chair Yaroslav Zhelezniak said 20 members supported the document.
The NBU did not support the bill in its current form. The regulator said the proposed provisions create risks to financial stability and competition.
The NBU’s comments included the need to strengthen oversight of foreign tokens and establish transparent rules for authorizing trading venue operators.
The National Securities and Stock Market Commission supported the document and urged the Verkhovna Rada to pass it as soon as possible in the second reading.
The bill had been scheduled for second-reading consideration in November. If adopted, the new rules are set to take effect on July 1, 2027.
Legal review delays consideration
On Nov. 9, the committee chair said the document would not be considered during the current plenary week. After the committee hearings, the bill’s 270-page text was sent to the Verkhovna Rada’s lawyers for a detailed review.
He said the document’s length created numerous legal nuances and that the experts’ comments primarily concerned legislative drafting rather than the substance of the proposed decisions.
The lawmaker also agreed with the NBU’s comments and said they should be taken into account. He said revising the text would take another week and expected the bill could be presented for final approval as early as the next plenary week.
Source: Incrypted
