The National Bank of Ukraine (NBU) has put a hold on draft law 10225-d in its current form, according to its official statement. The statement came ahead of the second reading, after a Rada c
The National Bank of Ukraine (NBU) has put a hold on draft law 10225-d in its current form, according to its official statement. The statement came ahead of the second reading, after a Rada committee recommended the bill to parliament.
The bank says the law threatens monetary sovereignty and financial stability.
The bank still backs clear crypto rules based on the EU’s MiCA plan and IMF standards. It rejects this version of the Ukraine crypto bill, but not the idea of a crypto law. A view from the central bank cannot stop a bill alone. The Verkhovna Rada makes the final call.
The proposed law aims to make crypto legal. The NBU said that, in its current form, it puts the money system at risk. The bank also wants crypto rules built on MiCA and IMF standards.
It objects to how this bill treats foreign tokens. Monetary sovereignty means a country’s power to control its own money and pay system. Financial stability means that banks, payments, and markets keep working without sudden shocks.
The Verkhovna Rada passed draft law 10225-d in the first reading on September 3, 2025, with 246 votes. The bill changes the tax code and the law on virtual assets. It also sets tax rules for the crypto market.
It still needs more votes and many changes before it can become law. The requests from the NBU can still be added.
On November 4, 2026, a Rada committee recommended the bill for the second reading and as a whole.
Central banks watch crypto closely because tokens can cross borders fast and skip the normal bank system. When foreign tokens spread widely, regulators ask if this could weaken control over payments and user safety.
This is a general background, so readers should check the bank’s statement for its full view.
The NBU lists three main concerns. It says the draft lets foreign tokens enter the market without proper checks, leaves gaps in the rules, and drops the cap on how many trading platforms can operate. The bank asks lawmakers to rework the draft with market players.
The date of the second reading has not been confirmed.
For now, nothing changes in daily life. The bill is still a draft, and none of its rules apply today. Traders and exchanges may want to follow the debate. Tax rules, licenses, and foreign tokens could change in the next draft.
Readers can follow three things. These are the full NBU statement, the Rada committee that handles the bill, and the date of the second reading. Earlier, the NBU said it backed a crypto law but asked for wider powers over licenses and user safety. This step looks like a firmer objection to the same draft.
That depends on whether lawmakers change the draft. They would need to ease the worries of the NBU about foreign tokens and money control. The bill has passed one vote.
The bank’s objection adds pressure for a new version before any final decision. We will update this article when the NBU or the Rada shares more details.
YMYL Disclaimer: This article is for information only and is not financial, legal, investment, or trading advice. Crypto assets are volatile, so always check official sources first.
