{"id":1180307,"date":"2025-03-28T09:45:08","date_gmt":"2025-03-28T07:45:08","guid":{"rendered":"https:\/\/www.nssmc.gov.ua\/?p=1180307"},"modified":"2025-04-09T14:44:41","modified_gmt":"2025-04-09T11:44:41","slug":"nktspfr-prezentuvala-model-rozpodilu-rolei-i-obov-iazkiv-dlia-rehuliuvannia-rynku-virtualnykh-aktyviv","status":"publish","type":"post","link":"https:\/\/www.nssmc.gov.ua\/en\/nktspfr-prezentuvala-model-rozpodilu-rolei-i-obov-iazkiv-dlia-rehuliuvannia-rynku-virtualnykh-aktyviv\/","title":{"rendered":"The NSSMC presented a model of distribution of roles and responsibilities for regulating the virtual assets market"},"content":{"rendered":"<p><strong>A meeting of the Financial Stability Board was held, and one of the key topics was the regulation of virtual assets.<\/strong><\/p>\n<p>In line with the requirements of the Memorandum between Ukraine and the IMF, the NSSMC team presented to the Council a model of the division of roles and responsibilities between the NSSMC and the NBU for regulating this market. It was developed on the basis of an analysis of the EU&#8217;s experience with MICA standards and was previously presented to the IMF mission.<\/p>\n<p>In particular, the following division between potential regulators is proposed:<\/p>\n<p><strong>Powers of the NSSMC:<\/strong><br \/>\n\u2022 supervision of the issuance, public offering and admission to trading of all tokens, except EMT (electronic money tokens);<br \/>\n\u2022 authorisation and supervision of ART (asset-retained tokens) issuers;<br \/>\n\u2022 authorisation and supervision of providers of services related to the circulation of virtual assets, except for services of exchanging virtual assets for money;<br \/>\n\u2022 combating abuse of all tokens, except EMT.<\/p>\n<p><strong>Powers of the NBU:<\/strong><br \/>\n\u2022 supervising the issuance, public offering, and admission to trading of EMT;<br \/>\n\u2022 authorisation and supervision of the activities of EMT issuers and providers of services for the exchange of virtual assets for money;<br \/>\n\u2022 combating abuse of EMT.<\/p>\n<p><strong>The full text is available at <a href=\"https:\/\/www.nssmc.gov.ua\/wp-content\/uploads\/2025\/03\/povnovazhennia-rekuliatoriv-virtualnykh-aktyviv-1.pdf\" target=\"_blank\" rel=\"noopener\">the link<\/a>.<\/strong><\/p>\n<p>As a reminder, <a href=\"https:\/\/www.nssmc.gov.ua\/komisiia-prezentuvala-matrytsiu-opodatkuvannia-virtualnykh-aktyviv\/\" target=\"_blank\" rel=\"noopener\">the NSSMC has recently presented a matrix for the taxation of virtual assets in Ukraine<\/a>. This will help the working group of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy to assess risks and decide on a national model of taxation of the virtual asset market.<\/p>","protected":false},"excerpt":{"rendered":"<p>A meeting of the Financial Stability Board was held, and one of the key topics was the regulation of virtual assets. In line with the requirements of the Memorandum between&#8230;<\/p>\n","protected":false},"author":367,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[852,3,4],"tags":[],"class_list":["post-1180307","post","type-post","status-publish","format-standard","hentry","category-virtualni-aktyvy","category-golovn-novini","category-news"],"_links":{"self":[{"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/posts\/1180307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/users\/367"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/comments?post=1180307"}],"version-history":[{"count":2,"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/posts\/1180307\/revisions"}],"predecessor-version":[{"id":1180416,"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/posts\/1180307\/revisions\/1180416"}],"wp:attachment":[{"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/media?parent=1180307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/categories?post=1180307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/tags?post=1180307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}