Ukraine Central Bank Refuses to Back Crypto Bill Cleared for Second Reading

Ukraine's National Bank says draft law 10225-d on virtual assets lacks safeguards on foreign tokens and platform licensing. Ukraine’s central bank will not support a crypto market bill that a parliamentary committee cleared for a final vote, warning that the draft leaves foreign tokens that act like electronic money outside its control and risks monetary sovereignty. The National Bank of Ukraine said in a Nov. 4 statement that Draft Law No.

Also reported by Crypto Economy.

Source: Bitcoin Magazine