“The Financial Stability Council (RFS) held a meeting at which one of the key topics was the regulation of the digital asset market in Ukraine. The meeting presented a model of distribution of responsibilities between the main regulators – the National Securities and Stock Market Commission and the National Bank of Ukraine. The decision to work on this model is related to the fulfillment of the requirements of the memorandum between Ukraine and the IMF. Created concept relies on European standards Mica and before […]”, – WRITE: Businessua.com.ua
The Financial Stability Council (RFS) held a meeting at which one of the key topics was the regulation of the digital asset market in Ukraine.
At the meeting presented the model the distribution of responsibilities between the main regulators – the National Securities and Stock Market Commission and the National Bank of Ukraine.
The decision to work on this model is related to the fulfillment of the requirements of the Memorandum between Ukraine and IMF.
The concept created is based on European Mica standards and has previously been represented by the International Monetary Fund.
According to the proposed model, the NCSSMC is responsible for supervising the issue and circulation of token, except for electronic money.
The Office will regulate the activities of real value assets, as well as service providers related to virtual assets (except for fiat exchange operations). The regulator will be monitored and prevented by market abuse.
The NBU is proposed to regulate the production and circulation of electronic money, monitor their issuers and control the exchange operations. His responsibility area will also fight violations in this sector.
We will remind, on March 14, the NCSSMC proposed a model of a matrix of taxation of cryptocurrencies.
NBU: Ukraine should implement MICA to regulate cryptocurrencies
The gun
Please wait …