A regulated cryptocurrency market and new investment opportunities: NSSMC held a meeting with the U.S. Embassy

Oleksii Semeniuk, the NSSMC Chairman, along with NSSMC Commissioner Maksym Libanov, held a working meeting with representatives of the U.S. Embassy in Ukraine.

Representing the U.S. side were Maria Davydenko, Macroeconomic Unit Chief, as well as senior specialists Bryan Cronan, Andrii Zherebko, and Olena Symonenko.

During the meeting, the sides discussed the development of Ukraine’s financial market, specifically the launch of comprehensive regulation of the virtual asset market. Commission representatives noted that the relevant draft law had already passed its first reading in the Verkhovna Rada, and the NSSMC submitted its amendments and proposals, taking into account previous feedback from the market and international partners.

Commission representatives emphasized that the key objective is to establish transparent and clear rules for the virtual asset market. This will bring a significant portion of transactions out of the shadow and provide a legal framework for business.

Particular attention was paid to technological development, specifically, the implementation of DLT-based solutions and the possibility of conducting transactions with financial instruments without using traditional depository infrastructure. The implementation of EU approaches to digital operational resilience (DORA) and coordination among key institutions — the NSSMC, the National Bank of Ukraine, and the Ministry of Digital Transformation — were also discussed.

The meeting participants specifically highlighted the potential of the virtual assets market as a tool for economic development, speeding up payments, and enhancing Ukraine’s investment attractiveness. At the same time, they emphasized the importance of “de-shadowing” and the need to build trust among international partners and investors.

In addition, the Commission outlined its broader priorities, including the development of capital markets, simplifying access to financing for businesses through bond instruments, introducing new investment opportunities for citizens, and harmonizing legislation with EU standards.

The sides noted that the creation of a modern and transparent financial market sends an important signal to international investors and opens up new opportunities for attracting capital to Ukraine, and agreed to continue their dialogue and cooperation.