Yurii Boiko at CRYPTO WORKSHOP: We all want to avoid situations where someone continues to work in the grey zone

In order to effectively implement the regulation of the virtual asset market, National Securities and Stock Market Commission (NSSMC) together with its partners held the first CRYPTO WORKSHOP on the topic: Should Crypto Users Be Afraid of MiCAR?

The participants included lawyers, representatives of services and market traders who discussed the issue together with the regulator:
– How and when does NSSMC plan to integrate MiCAR provisions into Ukrainian legislation?
– Challenges faced by the regulator in the process of such integration,
– Areas where the regulator needs expert assistance from the market.

During his opening remarks, Yurii Boiko, the Commissioner, spoke about the history of the draft law, the work of NSSMC in the VRU Committee, and explained why the regulator chose MiCA (Markets in Crypto-Assets Regulation) as the basis for launching the market. He also noted the cooperation of NSSMC with the NBU under a memorandum with the IMF.

«We all want to avoid situations where someone continues to work in the grey zone. Therefore, we are actively working to create clear and transparent rules for all market participants», said Yurii Boiko.

The regulator presented the participants with the draft law, which can be called the Ukrainian analogue of MiCA, and focused on its tax part.

NSSMC plans to hold such meetings on a regular basis. The next Crypto Workshop will be held on 8 November, during which market representatives will present their proposals and vision of the virtual asset market in Ukraine.