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Ukrainian officials laid out a timeline for finalizing the country’s cryptocurrency regulation bill during a panel at Incrypted Conference 2026 in Kyiv on June 13. The bill’s text is expected to be completed in August, with the law potentially taking effect on January 1, 2027.
NSSMC Set to Become Ukraine’s Main Crypto Regulator
MP Yaroslav Zheleznyak, first deputy chair of the parliament’s finance committee, said the National Securities and Stock Market Commission (NSSMC) will serve as the main regulator under the framework.
NSSMC head Oleksii Semeniuk said oversight would be split by asset type rather than handled by a new regulator, with the National Bank of Ukraine taking responsibility for e-money tokens and the Commission covering everything else.
Zheleznyak said roughly 2,000 amendments have been processed since the bill cleared its first reading in September 2025, after the finance committee approved it in April of that year. He said the work has accelerated under the NSSMC’s current leadership, which he described as engaged on the issue in a way the previous leadership was not.
The main outstanding issue, according to Zheleznyak, concerns rules for freezing and seizing crypto assets, along with how oversight powers will ultimately be split between the NSSMC and the National Bank. He said both points remain under negotiation ahead of the bill’s next stage.
Crypto Bill Timeline Remains Unclear Despite January 2027 Goal
Semeniuk said he believes the remaining issues can be resolved within a couple of months, with the law taking effect January 1. He framed the timeline as achievable given the level of cooperation between the agencies involved.
Zheleznyak said he expects the crypto bill to pass its remaining stages after near-unanimous first-reading support, with the text finalized as early as August. He said the bill would then go through revisions to meet parliamentary requirements before a final vote.
Dmytro Nikolaievskyi, chief lawyer at the Ministry of Digital Transformation’s digital economy project office, was more cautious. He said he could not commit to a firm adoption timeline, citing what he described as a difficult and prolonged drafting process involving multiple government bodies.
The NSSMC also said it plans to open a search within two months for a head of its sectoral crypto department, a position tied to implementation once the law takes effect.
