G7 Reacts to the Crypto Market Bill in Ukraine

On November 7, 2026, the G7 ambassadors in Ukraine took note of the NBU’s remarks on draft law No. 10225-d on virtual assets. This matters for traders, exchanges, and stablecoin holders. The market is watching every amendment closely.

In their statement, the diplomats separately emphasized financial stability, transparency, and the independence of the NBU. These three things are now determining whether Ukraine’s crypto market will get clear rules. And whether it will get them without unnecessary delays.

In November, the relevant committee of the Verkhovna Rada already supported the document. But the National Bank did not agree with its current version. The regulator believes that certain provisions pose risks to financial stability and competition.

Why does the G7 position matter right now?

Because draft law No. 10225-d is not moving in a vacuum. Ukraine already has a large crypto flow. This is evident not only from parliamentary debates.

According to Chainalysis, the country ranked 7th among 117 countries in the Global Crypto Adoption Index 2026. That is a strong signal. Ukraine has long since ceased to be on the periphery of the crypto market.

There is another detail. The IMF’s 2026 report says that about 18% of Ukraine’s population uses virtual assets. They are most often used for savings and payments. And among the instruments, stablecoins dominate.

That is why the dispute over the wording of the law does not look like a technical detail. It affects the division of powers between regulators, market access, and currency restrictions. These are exactly the blocks the IMF separately highlighted in its February 2026 memorandum.

What exactly did the NBU object to?

The National Bank is asking for tighter control over foreign tokens. It also wants transparent rules for authorizing trading platform operators. That makes sense if you remember that the regulator is responsible not only for the market, but also for financial stability.

Parliament sees a different picture. The National Securities and Stock Market Commission supported the document and called for it to be adopted in the second reading as soon as possible. The difference in approach is simple. One regulator looks at risks, the other at the speed of launching the rules.

By the way, there are other signals on the bill’s card in the Rada. On August 19, 2025, the anti-corruption committee noted that certain provisions did not comply with anti-corruption legislation requirements. And on July 7, 2025, the budget committee pointed to possible additional expenditures from the state budget.

“Preserving the financial stability, transparency, and independence of the NBU remains critically important for Ukraine’s economic resilience,” the G7 ambassadors’ support group said in a statement.

That is why the text of the law is now being read not only by lawyers. It is being read as a test of the balance between the market and control.

What is happening in parliament?

On November 9, Yaroslav Zhelezniak said the document would not be considered during the current plenary week. The reason is technical, but not minor. After committee hearings, the 270-page text was handed over to the Rada’s lawyers for a detailed review.

Zhelezniak also said the NBU’s remarks were valid. According to him, they should be taken into account before the final vote. After revisions, he expects the bill to be brought to the next plenary week.

If the document is adopted, the new rules are supposed to take effect on July 1, 2027. This gives the market time to prepare. But it also pushes back the moment when the rules become clear to all participants.

• The G7 did not back the conflict, but it did not ignore the NBU either.

• The NBU wants stricter control over foreign tokens.

• The Rada committee has already approved No. 10225-d.

• Consideration in the chamber has been postponed for a week.

• The start of the new rules, if adopted, is scheduled for July 1, 2027.

What does this mean for investors?

For crypto holders, this means one thing: the rules are not final yet. If you trade BTC, ETH, or stablecoins, it is worth following not the headlines, but which provisions remain in the text after the amendments.

The situation also has a practical side. As of November 9, 2026, BTC was priced at $75,024, ETH was holding at $2,132.72, and USDT was around $0.9993. At the official NBU exchange rate of 45.3206 UAH/$, that is approximately UAH 3.40 million for BTC and UAH 96.7 thousand for ETH. Against this backdrop, any change in market access rules is immediately read as a signal for liquidity.

There is another takeaway. The Ukrainian market is already large, so a compromise between the NBU, parliament, and the relevant committees matters more than loud statements. For the user, this means a simple thing: it is better to have a clear route for entering and exiting assets than to hope for a quick decision without amendments.

If you need to quickly sell Bitcoin on Monobank, it is better to have a clear route without unnecessary steps at hand.

Frequently asked questions

What exactly is being discussed in draft law No. 10225-d?

It concerns the regulation of the circulation of virtual assets in Ukraine. The focus is, in particular, on the powers of regulators, market access rules, and oversight of trading platform operators.

When could the law be finally adopted?

The second reading is scheduled for November, but on November 9 it was postponed for a week. If the text passes the final vote, the new rules are supposed to enter into force on July 1, 2027.

Why is the NBU’s position so important for the crypto market?

Because the NBU is responsible for financial stability and currency restrictions. If its remarks are taken into account, the market will get more predictable rules. If not, the dispute may drag on even longer.

For now, the market is living in anticipation. And that is why every amendment to No. 10225-d matters no less than the vote itself.

This material is not financial advice. Cryptocurrency trading involves significant risks. Part of this text was prepared with the help of artificial intelligence based on public sources and reviewed by our editorial team.