The Ukraine National Commission on Securities and Stock Market took part in an International IDEA expert dialogue on regulating the use of virtual assets in political financing, where its legal adviser Vita Forsyuk presented approaches being incorporated into a new draft bill on virtual-asset market regulation. The discussion focused on how virtual assets can affect political financing and on transparency risks linked to their pseudonymity and cross-border nature. Key tools presented included introducing the Travel Rule to identify participants in crypto-transactions, requiring virtual asset service providers to report to tax authorities alongside implementation of international standards including the Crypto-Asset Reporting Framework (CARF), and limiting access to the Ukrainian market for participants with Russian capital or connected to the aggressor state. Participants also reviewed international practice, including approaches in Moldova and Romania, and discussed gaps in national regulation. Analytical recommendations are planned following the event to strengthen transparency in political financing ahead of future election cycles.
Ukraine National Commission on Securities and Stock Market 2026-03-18
Ukraine National Commission on Securities and Stock Market sets out draft virtual-asset controls to address risks in political financing
The Ukraine National Commission on Securities and Stock Market joined an International IDEA dialogue on regulating virtual assets in political financing, presenting a draft bill addressing transparency risks. Key measures include implementing the Travel Rule, requiring reporting by virtual asset service providers, and restricting market access for entities with Russian ties. The dialogue reviewed international practices and identified regulatory gaps, with recommendations forthcoming to enhance transparency in political financing.