According to Cointelegraph, the Ukrainian parliament plans to conduct a preliminary review of the cryptocurrency regulation bill by the end of August 2025. If approved, the bill will establish a legal framework for digital assets that complies with European standards. Danilo Hetmantsev, the head of the financial, tax, and customs policy committee in parliament, stated that the bill on the taxation of virtual asset transactions has entered its final stages of preparation and is expected to be submitted for preliminary review by the end of August 2025. The main provisions of the bill include allowing individuals to legalize previously acquired digital assets, imposing a 5% personal income tax and a 5% military tax. Ukraine has experienced several fluctuations in regulating the cryptocurrency industry. Legislation legalizing cryptocurrency exchanges was issued in 2022, but progress on taxing cryptocurrency transactions has been slow. In December 2024, the government plans to impose a tax on cryptocurrency transactions, similar to securities transactions. In April 2025, financial regulators proposed a tax of up to 23% on certain cryptocurrency transactions, excluding transactions between cryptocurrencies and stablecoin transactions. In June, lawmakers introduced a bill allowing the National Bank of Ukraine to hold cryptocurrencies like Bitcoin within its reserves. Ukraine is the fourth largest country in the world in terms of Bitcoin reserves, holding 46,351 Bitcoins worth $5.4 billion.
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