President Volodymyr Zelensky signed the Virtual Assets Bill into law, enabling the launch of a legal market for virtual assets in Ukraine. The new market will be regulated by the National Securities and Stock Market Commission.
The law:
- determines the legal status, classification and ownership of virtual assets;
- determines market regulators - the National Bank of Ukraine and the National Commission on Securities and Stock Market;
- creates conditions for further formation of the legal field in the market of virtual assets;
- determines the list of providers of virtual assets and conditions of their registration;
- provides for the implementation of financial monitoring measures in the field of virtual assets.
The National Securities and Stock Market Commission will:
- form and implement state policy in the field of virtual assets;
- determine the order of turnover of virtual assets;
- issue permits to virtual asset service providers;
- regulate, supervise and financially monitor this area.