The NCSMC Chairman has admitted the appearance of Ukrainian cryptoactives

The National Securities and Stock Market Commission of Ukraine (NCSSMC) is working on a law on virtual assets. This was stated by the head of the regulator Ruslan Magomedov in an interview with Interfax-Ukraine.

According to him, “the likelihood of the emergence of Ukrainian virtual assets is very high with the right regulation.”

Magomedov emphasized that the bill “for over 1.5 years has been on tables with people’s deputies”. However, the document may be approved in the first reading in the near future, but the terms of the final approval are unknown, he said.

Magomedov noted that the NCSSMC proposes to regulate tokens tied to material assets (ART) and the National Bank of Ukraine (NBU) – provided with fiat of cryptocurrency.

In Ukraine, a cryptor regulation regulation model was offered

The model is based on European Mica standards and has previously been represented by the International Monetary Fund.

“We offer Mica -based regulation because we go to the European Union and are candidates for admission. This is not a story that we want to regulate and twist the nuts. We want conscientious white business to be protected from fraud, ”Magomedov emphasized.

The commission also proposed a tax model for crypto assets, but the final decision remains under parliament and the Ministry of Finance.

The NCSSMC chairman believes that virtual assets are the next stage of the evolution of the capital market. Companies will be able to attract investments because of ICO Instead of traditional IPO.

“I want to use all the best from the virtual asset market, but to adjust it in our jurisdiction,” Magomedov summed up.

We will remind, on March 14, the NCSSMC proposed a model of a matrix of taxation of cryptocurrencies.

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