On November 23, as part of Incrypted Talks Online, a discussion took place with key players from the public and private sectors regarding the future regulation of virtual assets in Ukraine.
Members of the National Securities and Stock Market Commission (NCCPFR) Yuri Boyko, chief lawyer of the project office on digital economy development issues in Ukraine at the Ministry of Digital Transformation Dmitry Nikolaevsky, and people's deputy, first deputy chairman of the Committee on Financial, Tax and Customs Policy Yaroslav Zheleznyak shared their vision of this process.
In addition to them, representatives of the business sector participated in the panel discussion. In particular:
regional head of Binance in Central and Eastern Europe, Central Asia, and Africa Kirill Khomyakov;
CEO of Hacken Dmitry Budorin;
chairman of Trustee Plus Vadim Grusha;
co-founder of the law firm Manimama Legal & Growth Agency Anna Voievodina;
the moderator was the head of Technology and Investment practices, director of innovations at Juscutum Petr Bilyk.
The Incrypted editorial team gathered the most interesting moments in one article.
The discussion began with a discussion of the general expectations of businesses from regulation. According to the regional head of Binance in Central and Eastern Europe, Central Asia, and Africa Kirill Khomyakov, in some cases, the absence of any regulation is more favorable for businesses and users than its presence, as it is significantly easier to develop various products in a free environment. However, he acknowledges that the introduction of legislative norms for the industry is already an irreversible reality:
"Regulation for business is not great, but we understand that it cannot be avoided anymore."
The chief lawyer of the project office on digital economy development issues in Ukraine at the Ministry of Digital Transformation Dmitry Nikolaevsky pointed out that regulation would solve a number of problems for the crypto business. In particular, the restoration of fiat gateway operations.
We remind you that back in early 2023, Bitcoin exchanges reported a suspension of operations with hryvnia bank cards. As became known later, the struggle of the authorities against gambling affected the crypto industry. As of November 2024, the possibility of such operations has still not been restored.
Moreover, Nikolaevsky indicated that cryptocurrency regulation would allow businesses to come out of the shadows and legalize the industry. However, as is known, the vision of the Ministry of Digital Transformation and the NCCPFR regarding the specifics of this process differs. Both agencies presented their own draft laws, the details of which can be found in the materials on Incrypted:
