The National Bank of Ukraine has opposed Bill No. 10225-d, challenging provisions governing foreign tokens and crypto market access.

The proposed legislation seeks to regulate Ukraine’s virtual asset market using the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework.

“The development of this market must not create threats to monetary sovereignty, price and financial stability, or Ukraine’s economic security,” the National Bank of Ukraine said.

The NBU warned that foreign tokens resembling electronic money could bypass existing oversight and threaten Ukraine’s monetary policy and payment infrastructure.

The central bank also criticised simplified admission rules that could allow foreign virtual assets to avoid…