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Ukraine’s Central Bank Rejects Cryptocurrency for Reserves Citing Volatility Risks
Ukraine’s Central Bank Rejects Cryptocurrency for Reserves Citing Volatility Risks
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BTCCSquare news:
The National Bank of Ukraine has firmly dismissed the possibility of adding cryptocurrencies to its reserve assets, labeling them as excessively volatile and incompatible with the stability requirements of sovereign reserves. First Deputy Governor Serhiy Mykolaychuk emphasized the absence of global regulatory consensus during an interview with Interfax-Ukraine.
Cryptocurrencies' wild price swings could destabilize the total reserve value, Mykolaychuk warned. The stance aligns with the European Central Bank's hardline position against crypto adoption by EU central banks. While isolated nations experiment with digital asset reserves, Ukraine views such moves as premature exceptions rather than emerging trends.
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