Ukraine’s central bank will not support a crypto market bill that a parliamentary committee cleared for a final vote, warning that the draft leaves foreign tokens that act like electronic money outside its control and risks monetary sovereignty.

The National Bank of Ukraine said in a Nov. 4 statement that Draft Law No. 10225-d on the circulation of virtual assets, recommended by the Verkhovna Rada Committee on Finance, Tax and Customs Policy for adoption in the second reading and as a whole, fails to reflect compromises struck during drafting.

The NBU said it received the final text only late the evening before the committee vote and that the process “was not sufficiently…

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