Ukraine is on the verge of implementing a comprehensive crypto market regulation bill in late August 2025. The upcoming initiative is set to revolutionize the country’s approach to digital assets by establishing a legal framework aligned with the European Union (EU).
The Verkhovna Rada, Ukraine’s parliament, is spearheading the development of an EU-aligned crypto bill that will offer legal protection to cryptocurrency owners, exchanges, and companies operating within the sector. One of the key objectives of the bill is to introduce a tax regime for cryptocurrencies. This will enable crypto owners to legitimize their assets by disclosing them in their crypto tax returns, with a proposed 10% tax on crypto holdings – comprising of 5% personal income tax and 5% military levy.
Danylo Hetmantsev, head of the parliamentary committee on finance, tax, and customs policy, revealed that the draft law on the taxation of transactions with virtual assets is in its final stages of preparation. He anticipates that the bill will be presented for the first reading in the Verkhovna Rada by the end of August 2025.
In a bid to enhance transparency in the crypto space, Ukraine aims to integrate digital assets into the traditional economy through the crypto bill. This integration will facilitate increased surveillance of crypto ownership and trading activities, thereby reducing illicit practices in the sector over time.
Moreover, the proposed legislation aligns Ukraine’s crypto regulation with global standards, including EU requirements and FATF guidelines. Andriy Pyshnyy, the Governor of the National Bank of Ukraine (NBU), emphasized that regulating crypto does not equate to recognizing virtual assets as legal tender or means of payment.
Pyshnyy stressed the importance of implementing legislation that adheres to international FATF standards and relevant European regulations to maintain the effectiveness of financial monitoring. Additionally, Ukraine is considering measures to allow the NBU to include digital assets, such as cryptocurrencies, in its reserve assets, positioning the country among those exploring the incorporation of digital assets into national reserves.
Overall, Ukraine’s impending crypto bill signifies a significant step towards enhancing regulatory clarity and oversight in the crypto market, promoting transparency, and aligning with international standards to foster a conducive environment for the growth and development of digital assets within the country.