Volodymyr Zelensky, president of Ukraine, has delayed signing a bill that would establish the nation’s regulatory framework around digital assets. The draft law, entitled “On virtual assets,” secured parliamentary approval on Sept. 8. However, according to an Oct. 5 statement issued by the presidential office, Zelensky remitted the legislation back to the parliament alongside a number of proposed improvements.
As per the statement, the president’s major objection to the legislation in its current shape is the costliness of establishing a new regulatory body for digital asset oversight: