The National Commission for Securities and Stock Market of Ukraine (NCSSM) has added 18 companies to its list of questionable projects that raised funds from citizens under the guise of cryptocurrency trading, according to reports from ForkLog.
According to the Commission, investments in these firms have led to "complete or partial loss of assets."
The list of questionable projects includes:
Amega Global Ltd HYCM ACCUINDEX Duar Soft CapitalXtend AXIORY FONDEXX Gonzo Invest ForexChief IQcent VIDEFOREX Worldforex Bethle Aster Forex EuroClub VINEX TRADE BITCOINBTC Alex Yanovsky's School Kievs Credits Union Bank
These companies attracted clients not only from #Ukraine but also from the #US and #EU countries.
"As there is no legislative regulation of the #cryptocurrency market in the country yet, investors should be aware of the significant risks of investing in digital assets," added the NCSSM.
The Commission plans to hold meetings with European and American regulators to strengthen informational influence on this issue.
Recall that at the beginning of June, the NCSSM introduced a draft law regulating the taxation of cryptocurrency operations in the country, and an updated version of the "Virtual Assets" law with European MiCA regulation norms incorporated.
Legal experts have highlighted issues with the proposed tax legislation.