The National Bank of Ukraine does not support the initiative to include cryptocurrencies in the state’s international reserves. This was stated by the first Deputy head of the NBU Serhiy Mykolaychuk in an interview with the agency “Interfax-Ukraine”.
“Consultations with the NBU on this bill was not held, and in our opinion such changes would be premature. We do not plan to include virtual assets in international reserves,” Nikolaychuk emphasized.
He explained the regulator’s position with three main arguments:
1) The high risk level of crypto-assets, which are unable to ensure the reliability of reserves.
2) Lack of a uniform legislative definition of cryptocurrencies, which makes their inclusion risky in terms of legal certainty.
3) Impact on Ukraine’s European integration, as the European Central Bank considers it unacceptable to include cryptoassets in the reserves of EU central banks.
The U.S. publication on cryptoassets Bitcoin Magazine has announced the launch of an Eastern European bureau in Kyiv, which will cover events in the world’s fastest growing cryptocurrency markets.
“While the world’s economists are fixated on superpowers like China and the United States, the future of money is being decided in places like El Salvador and Ukraine,” CEO of Bitcoin Magazine David Bailey said in the press release.
According to him, Bitcoin Magazine already has editorial offices in Seoul and Shanghai, and the bureau in Kyiv will become the third regional office. The decision to open an office in Kyiv was influenced by the Verkhovna Rada of the law on virtual assets.
The publication also refers to the estimates of experts (The Global Crypto Adoption Index), according to which Ukraine is home to the fourth-largest population of bitcoin users in the world. “The team making up the bureau will feature a group of the most talented Bitcoin journalists in the region, who will be producing top quality written, video, and podcast content in Ukrainian, Russian and Kazakh,” the publication said.
Thus, after a new strategic partnership, which will be announced before the end of September, Bitcoin Magazine will cover events in 11 countries and serve 240 million people who currently live in a large CIS region, including Ukraine, Russia and Kazakhstan, the publication said.
Bitcoin Magazine (the United States), a print and online publication that, since 2012, has provided analytical, research, educational and intellectual materials at the intersection of finance and technology. It is also the organizer of one of the largest annual events in the Bitcoin cryptocurrency industry in 2022.
