CEO of Hacken: The Revival of Ukraines Financial Market Through Cryptocurrencies

Опубликовано: 17 июня, 2025

He recalled the tragic story related to the legislation on virtual assets, which never came into effect due to the resistance from the National Securities and Stock Market Commission. Budorin pointed out that this commission was responsible for the collapse of the stock market.

«It’s a very sad tale… They simply began to push the same law through the Rada, but with the Securities Commission acting as the regulator. As a result, the law was neither adopted nor signed — everything just stalled,» the expert lamented.

Budorin also predicted an inevitable institutionalization and heightened compliance for major cryptocurrency exchanges like Bybit, which are already trading tokenized stocks.

«Crypto exchanges must either comply with regulatory demands or face extinction,» stated the co-founder of Hacken.

According to him, the liquidity of some digital asset trading platforms is already comparable to, and in some cases exceeds, that of traditional markets, making them a prime target for regulators.

Thus, the global institutionalization of the crypto industry is emerging not merely as a trend, but as a matter of survival for key players.

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