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Ukrainian Central Bank Governor: Supports the legalization of Crypto Assets but opposes their use as a means of payment.
According to Mars Finance, the President of the National Bank of Ukraine (NBU), Andriy Pyshnyy, stated that he supports the legalization of Crypto Assets but does not support their use as a means of payment. He emphasized that the legalization of Crypto Assets should not undermine the effectiveness of the Central Bank's monetary policy tools. Meanwhile, Pyshnyy revealed that the NBU is testing the architecture model for Digital Money (CBDC) and is preparing for a pilot project. Considering Ukraine's European integration process, the NBU is particularly focused on the development of the digital euro project and has currently collaborated with the European Central Bank, the Deutsche Bundesbank, the National Bank of Belgium, the Bank of France, and the Monetary Authority of Singapore.