Very soon: Zheleznyak named the deadlines for finalizing the cryptocurrency law in Ukraine

Work on legislation for the cryptocurrency market in Ukraine is nearing completion. The finalization of the relevant bill could happen as early as August 2026, and the new rules could come into effect on January 1, 2027.

This is reported by Incrypted.

People's Deputy Yaroslav Zheleznyak announced the possible timeline for the adoption of the document during the Incrypted Conference 2026, which is taking place in Kyiv as part of Ukrainian Blockchain Week. The discussion also featured the head of the National Securities and Stock Market Commission Oleksiy Semenuk and representatives from the Ministry of Digital Transformation.

According to Zheleznyak, work on the bill has significantly progressed after the change of leadership at the National Securities and Stock Market Commission. He noted that the participants in the process have already processed about 2000 amendments to the document.

Currently, there are still open questions regarding the mechanisms for seizing and confiscating digital assets, as well as the final distribution of powers between the National Bank of Ukraine and the National Securities and Stock Market Commission. At the same time, according to preliminary agreements, the Commission is expected to become the main regulator of the crypto market.

Zheleznyak expressed confidence that after finalization, the bill would receive support from parliament, as it was almost unanimously approved during the first reading.

The head of the National Securities and Stock Market Commission, Oleksiy Semenuk, also stated that he sees the possibility of completing work on all contentious issues within the coming months. According to him, the law could come into force as early as the beginning of 2027.

Meanwhile, a representative of the project office for the development of the digital economy at the Ministry of Digital Transformation, Dmytro Mykolaievskyi, expressed a more cautious position. He noted that he is not yet ready to predict the swift adoption of the document due to the complexity of the legislative process.

What the cryptocurrency law entails

Work on the regulatory framework for cryptocurrencies has been ongoing in Ukraine for several years. The bill aims to define the operating rules for crypto exchanges, providers of virtual asset services, state supervision procedures, and mechanisms for protecting market participants.

It is expected that the new legislation will also be harmonized with European regulations on digital assets.

When the new rules might come into effect

Under an optimistic scenario, the final version of the bill will be ready in August 2026. After that, the document will be reviewed and adopted by the Verkhovna Rada.

If the process proceeds without delays, the new cryptocurrency regulation system in Ukraine may start operating from January 1, 2027.

It should be noted that in early June, Bitcoin fell by 7% below $67,000 for the first time since April, marking the largest daily drop since February.