Local regulators have difficulties with the legislative regulation of the cryptocurrency market due to the lack of a unified international position on this issue. About it in interview to portal K750 told the Director of Department of strategy and reforming Mikhail Vidyakin.
According to him, despite the fact that the national Bank of Ukraine still has not decided on the status of cryptocurrency in December 2017, the regulator together with other agencies issued a statement that bitcoin and other cryptocurrencies can not be called tender and do not fall under currency regulations.
“Bitcoin is not a currency issued only by the Central Issuer of a particular state, and has no physical form. In addition, it cannot be used as electronic money, because it is not tied to the accounts of banks or other organizations that have a financial license”,— said Vidyakin.
However, the official pointed out that the ad hoc working group, which includes including the specialists of the NBU, on behalf of the national security Council and defense of Ukraine is working to resolve the status of the cryptocurrency and the functioning of the cryptocurrency market as a whole.
“Inhibits this process, in particular, the lack of a unified approach in European law, because Ukraine has the aim of harmonization of Ukrainian laws with the European”, — said Vidyakin.
Recall that in late March, the national Bank of Ukraine has proposed to regulate cryptocurrencies and Fiat by a single scheme.
It was also reported that unidentified attackers on behalf of the national Bank of Ukraine, state Agency for e-government and the Ministry of justice announced the launch of the Ukrainian cryptocurrency eUAH.