According to Foresight News and reported by Cointelegraph, the Ukrainian parliament passed the first reading of the cryptocurrency legalization and taxation bill on Wednesday. MP Yaroslav Zhelezniak stated that the bill was approved in the first reading with 246 votes in favor. The bill stipulates an 18% income tax on digital asset gains and a 5% military tax, with a 5% preferential tax rate for the first year of fiat conversion. 'Currently, it is not meaningful to delve into the details; there will be many adjustments before the second reading. It is still uncertain whether the regulatory body will be the National Bank or the National Securities and Stock Market Commission.'