Ukraine Central Bank Withholds Support for Crypto Bill Before Rada Vote

The central bank's refusal to back the bill exposes a regulatory turf war that matters more than the vote itself. The NBU's demand to police foreign e-money-like tokens, combined with its objection to losing the three-operator cap on trading platforms, signals that Ukraine's crypto framework is being shaped by institutional control rather than market design. For exchanges and token issuers eyeing Ukraine, the open question is whether the NSSMC gains sole discretion over platform licensing, or whether the NBU's conditions get folded back in before the final vote.