The Ukrainian parliament is preparing to legalize the cryptocurrency market
Date: 2025-08-06 Author: Gabriel Deangelo Categories: IN WORLD
In August 2025, the Verkhovna Rada of Ukraine will consider at the first reading a bill aimed at legalizing the cryptocurrency sector. According to the Chairman of the Committee on Finance, Tax and Customs Policy Danylo Getmantsev, the document has already been included in the agenda and is the result of lengthy consultations with domestic and international experts, including representatives of the IMF.
The bill offers citizens who own digital assets the opportunity to legalize them through declaration and one-time payment of taxes. The authorities propose a tax rate of 5% of personal income and an additional 5% military tax - thus, the total rate will be 10%. After that, crypto assets will be considered officially recognized and will not raise questions from the tax service.
According to Getmantsev, the crypto market in Ukraine is already significant and affects the economy, despite the lack of clear rules. Therefore, the state should not ignore its existence, but on the contrary, recognize and provide protection to both users and companies, exchanges and other participants in the ecosystem. Particular emphasis is placed on protecting the rights of cryptocurrency owners and creating legal mechanisms for working in this area.
He also noted that the refusal to legalize will not free owners from future consequences. At some point, data on transactions and ownership of crypto wallets may become public, and then all unrecorded transactions will fall under the attention of tax authorities.
One of the reasons for introducing regulation is the need to comply with European standards of financial control. In preparation for Ukraine's possible accession to the EU, citizens will need to explain the origin of funds when purchasing expensive assets - and without the legalization of cryptocurrencies, this will become difficult.
Previously, the discussion of the bill was held back by the lack of a single decision on which of the state structures should act as a regulator of the cryptocurrency market. The candidates under consideration are the National Bank of Ukraine, the National Commission on Securities and Stock Market, and the Ministry of Digital Transformation.
Thus, the upcoming discussion in the Verkhovna Rada may become a turning point in the development of the crypto industry in Ukraine, opening the way to legal and transparent activities in this fast-growing area.
