Ukraine’s central bank rejects crypto bill over foreign token and monopoly risks
By Rony Roy
Ukraine’s central bank has refused to support the latest version of the country’s cryptocurrency regulation bill, warning that several provisions could threaten financial stability and give regulators excessive control over market access. In a November 4 statement, the National Bank…
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Explained in this story
Central bank
The public institution that manages a country's currency, money supply and benchmark interest rate, such as the Federal Reserve or the Reserve Bank of India.
Its decisions on rates and money supply move loan costs, currencies and markets for everyone in the economy.
More about Central bankCryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
More about CryptocurrencyMore in Finance
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