Cryptocurrency legalization in Ukraine is planned to be completed by early 2026.
Date: 2025-11-19 Author: Henry Casey Categories: IN WORLD
Daniil Getmantsev, Chairman of the Parliamentary Committee on Financial, Tax, and Customs Policy, announced that the process of legalizing cryptocurrencies and launching the tax system in Ukraine should be completed by early 2026. He mentioned this during his speech at the GET Business Festival 2025, noting that work on the document had proven significantly more complex than initially anticipated.
According to him, the document was initially expected to be adopted by the end of 2025; however, the volume of materials and the number of revisions significantly increased the preparation time. Getmantsev clarified that legislators aim to complete the remaining stages within the next two months to remove the legal uncertainty surrounding the virtual asset market.
This refers to a bill that regulates the circulation of virtual assets and creates a legal framework for cryptocurrency transactions. The committee supported the document back in the spring of 2025, and the Rada adopted it in its first reading in the fall. This draft envisages the introduction of clear tax rules for both individuals and companies.
For private investors, a tax rate of 18% on profits from cryptocurrency transactions is proposed, along with a 5% military tax. During the first year of the document's implementation, a preferential regime is provided: investors will be able to pay only 5% without providing proof of the value of the acquired assets. For legal entities, the basic profit tax rate will remain unchanged at 18%.
The next stage is preparing the bill for its second reading. In October, MP Yaroslav Zheleznyak reported that more than 2,500 amendments had been submitted to the document, significantly complicating the work of finalizing it. He estimated that processing all the proposals could take several more months. Legal experts note that although formally at least two weeks should pass between readings, in practice this period often ranges from one and a half to six months.
Getmantsev previously emphasized that the deputies' goal remains to submit the bill for a second reading before the end of 2025. However, he did not rule out that the final vote could be postponed to the next parliamentary session, given the scale of the work.
Separately, representatives of the National Securities and Stock Market Commission stated that they do not intend to compete for the role of the primary cryptocurrency market regulator. The question of which agency should be responsible for overseeing the digital asset sector remains open, and experts continue to discuss options for the further distribution of powers.
The adoption of the law should create transparent conditions for crypto industry participants and bring the domestic market closer to international regulatory standards.
