In Ukraine, all income of the taxpayer is taxed, including income from the sale of property and property rights, reminds partner of the law firm Axon Partners Orest Havryliak.

"If someone had the misfortune to go to a crypto exchange, of which there are many, and sell bitcoin that they received for providing services to someone, then such income needs to be taxed," explains the lawyer.

The status of cryptocurrencies is still not legislatively defined in Ukraine.

Accordingly, there are no grounds for paying tax on them, as there is nothing to pay tax on – that is the problem. The entire community is waiting for a decision from the National Bank of Ukraine until the end of September, which is supposed to determine the status of what cryptocurrencies are: whether they are assets, payment instruments, or something else.