Four MPs from Narodnyi Front and one MP from Bloc of Petro Poroshenko registered for considerations and further voting over the draft law on circulation of cryptocurrencies in Ukraine. The wording of the draft law is not yet accessible for public, but it has become known that the special-purpose committees started talks on the issue. The committee for financial and banking activities at the parliament of Ukraine is also actively contributing to the formation of the law. Earlier, the vice NBU head Oleg Churiy elaborated on the issue saying that the regulator cannot treat cryptocurrencies as official means of payment as of yet, and also voiced concern of causalities of fraud over the issue. Thus, any operations that involve cryptocurrency payments are upon responsibility of the parties of the deal.
Cryptocurrencies are a risky asset, should somebody decide on investing. One cannot know for sure is it quick secure of hacker attacks or pure fraud. The NBU tries its best not to become a buffer of a sort prohibiting the development of IT technologies in the financial sector, told Emal Bakhtari project leader of the Open Market Operations Department of the National Bank of Ukraine.
To remind, Japan officially recognized bitcoin as a legal method of payment in April, 2017. South Korea and India also revealed their plans to engage in regulatory issues of the cryptocurrencies.
