Zelensky signs Virtual Assets Law in Ukraine
- Shan Belew
- Mar 16, 2022
- 1 min read
Today, the Ministry and Committee on Digital Transformation of Ukraine announced that the Ukraine president has signed a Virtual Assets into law that establishes a legal market.
Signed 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 Commission on Securities and Stock Market will:
to 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;
to regulate, supervise and financially monitor this area.
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