Ukraine takes a step towards legalizing crypto assets
Date: 2025-04-25 Author: Gabriel Deangelo Categories: IN WORLD
On April 24, the Verkhovna Rada Committee on Finance, Tax and Customs Policy unanimously approved the bill regulating virtual assets. This was reported by the deputy chairman of the committee, Yaroslav Zheleznyak. The document will now be sent to parliament for consideration for the first reading.
According to Zheleznyak, the bill provides for the introduction of clear rules regarding cryptocurrencies and related assets, including taxation. In particular, the clause on a preferential tax rate of 5% until the end of 2026 is retained - excluding military tax.
The chairman of the committee, Danylo Getmantsev, also emphasized the importance of the initiative. He recalled that Ukraine is among the six world leaders in terms of the use of crypto assets - the country accounts for about 2.5% of the world's cryptocurrency traffic. In his opinion, such a large-scale phenomenon cannot be ignored.
Getmantsev explained that cryptocurrency is not recognized as a means of payment in Ukraine — this is the official position of the National Bank. However, the need for transparent regulation and classification of this sector is obvious. The new bill is aimed at clarifying the rules for working with virtual assets, including taxation issues.
In his Telegram channel, Getmantsev outlined the main provisions of the bill. Among them:
- Division of virtual assets into three categories;
- Formation of a mechanism for establishing ownership;
- Mandatory white paper when publicly placing assets;
- Requirements for licensing service providers;
- Mechanisms for protecting investors and clients;
- Tax structure.
He also confirmed Zheleznyak's words about the key parameters: capital gains tax, mandatory declaration of income from cryptocurrency transactions and the absence of a simplified tax system.
According to Getmantsev, the adoption of the bill can have a positive effect on filling the country's budget and the development of the digital economy. He stressed the importance of prompt consideration of the initiative, as it creates clear and transparent conditions for crypto market participants.
The date of the first reading has not yet been announced. However, unanimous support at the committee level indicates a high probability of further advancement of the document in the legislative process.
