Founder of Trustee Plus and Leadership of NSSMC Discuss the Future of Ukraine's Cryptocurrency Market

cryptonews.ruPublished on 2026-08-19Last updated on 2026-08-19

Abstract

Founder of Trustee Plus Vadym Grusha met with the head of the Ukrainian National Securities and Stock Market Commission (NCCFR), Oleksii Semeniuk, and the director of the department for state regulation of the virtual assets market, Lesia Ulashli. The main topic of discussion was the future regulation of the crypto market in Ukraine. The parties discussed licensing, stablecoins, the operations of international crypto platforms, and the secondary legislation that needs to be developed after the primary law is adopted. The NCCFR has already published a summary of the meeting and a list of issues to resolve before the virtual assets market can be launched. Grusha noted on his Telegram channel that the meeting indicates a gradually forming shared vision for market development between the state and industry representatives. He specifically commended Semeniuk's work since becoming NCCFR head in early 2026, crediting him with significantly synchronizing stakeholders' positions on future regulation. According to Grusha, while various participants previously had differing perspectives, legislators, regulators, and market players are now converging on a common direction, even if they disagree on specifics. The draft law on regulating the virtual assets market has passed its first reading and is being prepared for the second. After its adoption, the next step for regulators will be developing the necessary secondary legislation. Grusha emphasized that these secondary acts will large...

The founder of Trustee Plus, Vadym Grusha, met with the head of the National Securities and Stock Market Commission (NSSMC), Alexey Semenyuk, and the Director of the Department of State Regulation of Virtual Asset Circulation, Lesia Ulashli. The main topic of the meeting was the future regulation of the cryptocurrency market in Ukraine.

The parties discussed licensing, stablecoins, the operation of international cryptocurrency platforms, and secondary legislation that should appear after the law is passed.

The NSSMC has already published its own summary of the meeting and a list of issues that need to be resolved before the launch of the virtual asset market.

At the same time, Vadym Grusha drew attention to a broader context in his Telegram channel. According to him, the current meeting showed that a common vision for the market's development is gradually forming between the state and industry representatives.

Separately, the founder of Trustee Plus noted the work of Alexey Semenyuk, who headed the NSSMC at the beginning of 2026. In Grusha's opinion, in a short time, the head of the Commission has managed to significantly synchronize positions regarding future regulation.

Previously, according to Vadym Grusha, different participants in the process could look at the future of the crypto market from different angles and move in their own directions. Now, in his opinion, a common vision is forming between legislators, regulators, and market representatives: the parties may differ in details but already agree on the general direction of movement.

The bill on regulating the virtual asset market has already passed its first reading and is being prepared for the second. After its adoption, the next stage for regulators will be the development of secondary legislation.

It is the secondary legislation that will largely determine how the new rules will work in practice and how comfortable they will be for Ukrainian crypto businesses and international platforms.

Grusha emphasizes that after almost nine years of discussions, it is important that this time the process concludes not with another discussion but with the creation of a real, functioning virtual asset market in Ukraine.

Recall that recently Incrypted organized a stream where business representatives discussed the future regulation of the market with regulators:

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Related Questions

QWhat was the main topic of the meeting between the founder of Trustee Plus and the NKTsBFR leadership?

AThe main topic of the meeting was the future regulation of the crypto market in Ukraine.

QWhat specific subjects did the parties discuss regarding the regulation of the virtual assets market?

AThe parties discussed licensing, stablecoins, the operations of international crypto platforms, and the subordinate regulatory acts that need to be developed after the law's adoption.

QWhat is Vadym Hrusha's opinion on the recent developments between the state and industry representatives?

AVadym Hrusha believes the meeting demonstrated that a shared vision for market development is gradually forming between the state and industry representatives, with consensus on the general direction despite possible disagreements on details.

QWhat is the current status of the draft law on virtual assets regulation in Ukraine?

AThe draft law on regulating the virtual assets market has passed its first reading and is being prepared for its second reading.

QAccording to the article, what will be crucial in determining how the new crypto market rules will work in practice?

ASubordinate regulatory acts (подзаконные акты) will be crucial in determining how the new rules will work in practice and how comfortable they will be for Ukrainian crypto businesses and international platforms.

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