#Trump’sExecutiveOrder #UkraineDefence $SOL Ukraine is indeed making progress towards legalizing cryptocurrencies, with lawmakers expected to vote on a bill in the coming months. The country aims to create a transparent and legally secure framework for businesses and investors by focusing on regulation, standard taxation, and financial stability ¹.
The proposed bill is expected to be completed by mid-2025, with some predicting that the first reading will take place by the end of March ². However, there's some uncertainty about the timeline, with one expert suggesting that legalization might not happen until 2026 ³.
In terms of taxation, Ukraine is considering a crypto tax rate of 5% to 10% ². The government is working with the National Bank of Ukraine and the International Monetary Fund to finalize the draft bill, which will focus on regulation and fiscal oversight without offering tax breaks ⁴.
Overall, Ukraine's move towards cryptocurrency legalization is a significant step towards integrating digital assets into its financial system.