According to Danylo Hetmantsev, Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, three state bodies are competing for the right to be the state regulator in the cryptocurrency market — the National Securities and Stock Market Commission, the National Bank, and the Ministry of Digital Transformation.
According to Danylo Hetmantsev, Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, three state bodies are competing for the right to be the state regulator in the cryptocurrency market — the National Securities and Stock Market Commission, the National Bank, and the Ministry of Digital Transformation.
Hetmantsev stated this during his speech at the Incrypted Conference 2025, a dev.ua correspondent reports.
«If we talk about the National Bank, then today it is a powerful regulator, institutionally capable, which has a huge positive practice of regulating the banking and non-banking financial market… If we talk about the National Securities Commission — indeed, according to the practice of developed countries, similar bodies should deal with this market. But, unfortunately, the institutional capacity of the National Commission is very low, and we have a lot of questions about the regulation of the stock market, corruption scandals… That is why I believe that it should be the National Bank, and, in part, the Ministry of Digital Transformation,» Hetmantsev expressed his opinion.
According to him, the current version of the draft law on cryptocurrency regulation did not specifically identify the body responsible for this, in order to leave the resolution of this issue to the discretion of the Cabinet of Ministers.
Hetmantsev also added that, in accordance with the requirements of our international partners, the draft law on cryptocurrency circulation should be adopted by the end of this year, and the document itself takes into account European practices on this issue.
As previously reported by dev.ua, in April, the Rada’s Finance Committee unanimously supported the draft law on virtual assets.
At the same time, in May, the Ukrainian parliament postponed consideration of a key bill on the legalization of virtual assets and taxation of cryptocurrencies, despite the fact that it was supported by the relevant committee and the IMF expected this.
