Ukraine legalizes crypto sector; Establishes regulatory framework

It creates conditions for launching a legal virtual asset market in Ukraine. The new market will be regulated by the National Securities and Stock Market Commission.

Signed law:

  • determines the legal status, classification and ownership of virtual assets;
  • determines market regulators — the National Bank of Ukraine and the National Securities and Stock Market Commission;
  • creates conditions for the further formation of the legal field in the virtual asset market;
  • determines the list of virtual asset service providers and the conditions for their registration;
  • provides for the implementation of financial monitoring measures in the field of virtual assets. [Via]