Ukraine's National Securities and Stock Market Commission has backed virtual asset bill No. 10225-d and the parliamentary committee's recommendation to adopt it at second reading and in full. Based on the European Union's Markets in Crypto-Assets Regulation (MiCA), the bill would establish rules for market participants and requirements for virtual asset service providers. It would also introduce investor protection mechanisms and regulatory oversight. The endorsement rests on the argument that virtual asset activity already occurs without dedicated legislation, creating additional risks for holders, businesses and the state. The Commission urges lawmakers not to let outstanding disagreements between public institutions prevent the creation of a legal framework. Passage would remain distinct from implementation: an earlier Commission update envisaged the rules becoming operational later than Jan. 1, 2027, because implementing regulations and a transition period would be needed after enactment.
Ukraine's National Securities and Stock Market Commission backs passage of virtual asset bill based on EU MiCA rules
Ukraine's National Securities and Stock Market Commission supports parliamentary passage of virtual asset bill No. 10225-d, which follows the EU's Markets in Crypto-Assets Regulation (MiCA). The proposed framework would set requirements for service providers and introduce investor protections and oversight. The Commission argues that unresolved institutional disagreements should not block legislation, while its earlier assessment placed implementation later than Jan. 1, 2027.