At the end of April 2025, the Committee of the Verkhovna Rada of Ukraine on Finance unanimously supported the updated bill on virtual assets. The document was intended to regulate the circulation of cryptocurrencies, their taxation, and the protection of market participants' rights. However, despite initial optimism, the business expressed disappointment. According to Incrypted, the bill, developed without the involvement of key stakeholders, does not meet European MiCA standards, complicating Ukraine's integration into the EU.
CEO Trustee Plus Vadim Grusha noted that the document is too complicated and does not address key issues; on the contrary, it could contribute to the shadowing of the market. Cryptocurrency service providers will be able to operate without a license, raising concerns about safety. Criticism intensified after President Zelensky, according to MP Yaroslav Zheleznyak, withdrew the bill from consideration, leaving the industry without regulation.
Businesses, including exchanges Kuna and WhiteBIT, have cooperated with the authorities for years to legalize the crypto market, but new delays are hindering development. The lack of clear rules restrains investments and slows growth, while potential taxes (18% + military fee) scare away investors. Ukraine risks losing its chance to become a crypto hub. Stay tuned for news to keep up with events!
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