The Financial Stability Council of Ukraine has supported a concept for crypto regulations, Timur Khromaev, head of the National Securities and Stock Market Commission (SSMCS) reported in a Facebook post July 20. According to Khromaev, the concept involves recognizing cryptocurrencies and tokens as financial instruments, establishes the roles and functions of governmental bodies in regulating those instruments, in addition to licensing transaction participants, defining information disclosure conditions, and other factors. The Financial Stability Council comprises of the Governor the National Bank of Ukraine, the Minister of Finance, heads of the…
Ukrainian Financial Stability Council Supports Regulatory Concept for Cryptocurrencies
