The law on virtual assets (bill No. 3637) will enter into force no earlier than in six months, Director of the Strategy and Development Department of the National Bank of Ukraine (NBU) Arsen Makarchuk has said.
“The law on virtual assets provides six months as the shortest period during which the law will come into force. This period has been provided to the National Bank and the National Securities and Stock Market Commission of Ukraine to develop an appropriate by-law base,” he said during a roundtable devoted to legalization virtual, opportunities and risks organized by the Gorshenin Institute with the support of the Internet portal LB.ua on Tuesday.
According to the co-author of the law on virtual assets, MP Oleksiy Zhmerenetsky, the parliamentary civil law group is finalizing amendments to the Civil Code of Ukraine regarding virtual assets so that the new version of the code is consistent with the changes that are planned to be made regarding these assets. According to his forecasts, it will take up to two months to develop these changes.
“As soon as we approve changes to the Tax Code (at least regarding one tax), the law on virtual assets will start working… Amendments to the Tax Code are already ready and from today we are starting registration… I think by the end of the (current) week we will have at least 50 signatures under this document,” the MP said.
As reported, the Verkhovna Rada on September 8 adopted a bill on virtual assets (No. 3637) with the supportive votes of 276 MP.
