Ukraine's Crypto Regulators Call for Balance in Market Rules

Ukraine's National Securities and Stock Market Commission (NSSMC) head Alexey Semenyuk emphasized that regulating the cryptocurrency market should prioritize user protection while maintaining business benefits within the country.

In a recent statement, Semenyuk noted that Ukraine ranks eighth in the global cryptocurrency adoption index by Chainalysis, adjusting for population, and saw a 52% increase in digital assets received from July 2024 to June 2025, totaling $206.3 billion.

Semenyuk called for legislation that allows Ukrainians to use services from authorized providers, enabling companies to operate domestically under clear rules, including buying, selling, exchanging, storing, and staking cryptocurrencies.

He also highlighted the importance of tokenization of real-world assets (RWA) and integrating virtual asset technologies with the traditional financial market. However, Semenyuk acknowledged that passing a law alone will not solve issues between crypto companies and banks and payment infrastructure, emphasizing the need for balance in regulation to avoid pushing businesses abroad.