Ukraine: Adopted law on virtual assets
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Description
Adopted law on virtual assets
On 17 February 2022, the Ukrainian parliament adopted Law No. 3637 on Virtual Assets. The law launches the legal market for virtual assets in Ukraine, classifying virtual assets as civil objects and designating the Ukrainian government as regulatory authority. It applies to services related to the circulation of virtual assets, regardless of whether the provider has a registered location or a permanent establishment in the Ukraine. The aims are to ensure openness, efficiency and transparency in the virtual assets market, by preventing abuse and providing necessary infrastructure.
Original sourceScope
Policy Area
Other operating conditions
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament
Key regulatory dimensions
Regulated subjects
The businesses, government agencies or individuals affected by this policy or regulatory change.
producer / supplier
1
Type
Private organisation
Economic activity
digital payment provider (incl. cryptocurrencies)
Category
All
Policy change by business practice
The detailed activities within the scope of this policy or regulatory change.
cryptoasset: currency: distribution (any form)
Regulatory tool
Regulator approval requirement
Sanctions
Regulated subjects
1