Ukraine's parliament is set to review a cryptocurrency regulation bill in late August 2025, which could establish a clear framework for digital assets in the country. The proposed legislation would allow individuals to declare previously acquired digital assets and pay a total tax of 10% - 5% personal income tax and 5% military duty.
Key Provisions of the Bill:
- Taxation: Profits from cryptocurrency transactions would be taxed similarly to securities trading, applying taxes when assets are converted into fiat currency.
- Crypto Reserve: A bill was introduced in June to allow the National Bank of Ukraine to include cryptocurrencies like Bitcoin in its reserve, following the footsteps of countries like the US and Kazakhstan.
- Digital Asset Legalization: Individuals can declare previously acquired digital assets and pay the applicable tax.
Ukraine's Crypto Landscape:
- Government Bitcoin Holdings: Ukraine is the fourth-largest holder of Bitcoin among governments, with 46,351 BTC worth approximately $5.4 billion.
- Regulatory History: Ukraine has had a history of regulatory uncertainty in the crypto space but is now moving towards creating a more transparent and legally secure framework for digital assets.
- Global Trends: Ukraine's approach aligns with global trends, focusing on regulation and standard taxation without offering tax incentives.