Ukraine supported the concept of regulation of cryptocurrency

The financial stability Board of the Ukraine supported the concept of regulation of cryptocurrencies, said the head of the National Commission on securities and stock market (NKTSBFR) Timur Limp.

«The financial stability Board supported the concept of regulation of cryptocurrency transactions that require recognition of certain categories of cryptocurrency and token financial instruments, and also assigns the role and functions of state bodies (NBU, NSSMC, the Ministry of Finance (DFS), Derefinko) in the regulation of these tools, licensing of participants in the transactions, disclosures and the like,» he wrote on his Facebook page.

In his opinion, this is an important step in building consensus among public authorities and financial regulators, which confirms the willingness of the Verkhovna Rada of Ukraine and the stock market to cooperate to the formation of the legislative and regulatory framework that would ensure transparency and improve the quality of relationships between investors and participants of the cryptocurrency market.

The financial stability Board consists of the Manager of the National Bank of Ukraine, Finance Minister, heads the National Commission on securities and stock market National Commission for state regulation of financial services and managing Director of the Deposit guarantee Fund – departments that deal with minimizing risks to the stability of the national financial and banking systems.

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