Additional reforms are needed: Ukraine Facility envisages Ukraine's settlement of virtual assets
Kyiv • UNN
Ukraine should adopt a draft law on the regulation of virtual assets and payment systems in line with EU standards, as well as work to regulate crypto assets and ensure the stability of the digital financial sector in line with European best practices.
Ukraine should carry out reforms aimed at improving the e-finance infrastructure, including payment systems and customer service, according to the program of the Ukraine Facility, UNN reports.
Details
The document notes the need to adopt a draft law amending the legislation on virtual assets and payment systems of Ukraine. This draft law should meet the standards set by the MiCA regulator.
Further reforms are needed to improve Ukraine's compliance with the Financial Action Task Force on Money Laundering (FATF) standards, in particular in the area of virtual assets, targeted financial sanctions and investigations... The emergence of virtual assets and the lack of their legal regulation is a negative factor that can facilitate fraud, money laundering, terrorist financing and tax evasion
The document also states that Ukraine should work to regulate crypto assets and ensure the stability of the digital financial sector in accordance with the best European standards and practices.
Recall
Ukraine unveiled a plan of 69 reforms, including in the economic, judicial, and financial sectors, to implement the EU's Ukraine Fund program, aimed at accelerating Ukraine's integration into the European Union.
Ministry of Economy: GDP grew by 3.6% in 2 monthsMar 18 2024, 08:37 AM • 27425 views
