Ukraine is set to conduct its initial review of a cryptocurrency tax bill by the end of August, potentially impacting crypto holders in the country. This move signifies a growing trend of nations grappling with the regulation and taxation of digital assets. According to Cointelegraph, the proposed bill outlines a 5% personal income tax and a 1.5% military tax for individuals holding cryptocurrencies. This means that if the bill becomes law, Ukrainians with crypto holdings will be subject to these taxes on their gains. The "military tax" is being levied as part of martial law decree, since February, 2022. The passage of this bill could have significant implications for the Ukrainian crypto market. While providing clarity on the tax obligations of crypto users, it could also influence investment decisions and the overall adoption of cryptocurrencies within the nation. Further details on the bill's specifics and potential impact will be crucial for stakeholders in the Ukrainian crypto space. ```