This country-specific Q&A provides an overview to Fintech
law in Ukraine. It will cover open banking, regulation of data,
cryptocurrencies, blockchain, AI and insurtech.
Payments
What are the sources of payments law in your
jurisdiction?
The main legal act for regulation of payments in Ukraine is the
Law of Ukraine «On payment systems and transfer of money in
Ukraine». This area is also regulated by other Ukrainian
laws, in particular: the Law of Ukraine «On financial
services and governmental regulation of financial services
markets», the Law of Ukraine «On electronic trustworthy
services» and the Decree of the Cabinet of Ministers of
Ukraine «On currency regulations and currency control
system» that will be replaced by the Law of Ukraine «On
currency and currency transactions» as of 07/02/2019.
