RATE Group | Cryptocurrency trading regulations gets support from the Ukraine government
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Cryptocurrency trading regulations gets support from the Ukraine government

22 Jul Cryptocurrency trading regulations gets support from the Ukraine government

Posted at 04:07h in Cryptocurrency News by

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On 20th July 2018, Timur Khromaev, the head of The National Securities and Stock Market Commission [NCSSM], reported on his Facebook post that the Financial Stability Council of Ukraine has shown support in the concept of regulating cryptocurrency transactions. Whereas, his previous post stated that in the next Financial Stability Board meeting he would consider recognizing crypto units as a financial instrument in order to start off appropriate legal proceedings.

The concept of cryptocurrency regulation demands category recognition of cryptography and tokens with the use of financial instruments. Additionally, it also involves licensing transaction participants and disclosure of certain information.

The National Bank of Ukraine [NBU], National Commission for State Regulation of Financial Services Market, the Minister of Finance and The State Financial Monitoring Services are the government bodies which recognize cryptography and tokens.

Timur Khromaev remarked this…

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