The Verkhovna Rada, Ukraine’s parliament, handed the primary studying of a invoice to legalize and tax cryptocurrency on Wednesday, according to lawmaker Yaroslav Zhelezniak. If signed into regulation, the invoice would considerably form the digital asset financial system within the nation, which ranks among the many world’s prime in crypto adoption.
In line with Zhelezniak’s announcement on a Telegram channel, the invoice handed the primary studying with 246 lawmakers voting in assist. The laws’s draft outlines an earnings tax of 18% and a navy tax of 5% on digital asset income. The invoice additionally units a preferential 5% tax fee on fiat conversions its first yr, in keeping with the announcement.
The proposed taxation fee of 23% is in keeping with the April recommendation of Ukraine’s financial regulator. The preliminary suggestion exempted crypto-to-crypto and stablecoins transactions, bringing Ukraine’s crypto tax system nearer to crypto-friendly international locations.
“I do not see a lot level in going into element now, there might be many adjustments earlier than the second studying,” Zhelezniak stated in an translated assertion. “It’s nonetheless unknown who the regulator might be (NBU or the Nationwide Securities and Inventory Market Fee).”
Ukraine’s parliament has been advancing crypto laws this yr as digital belongings achieve mainstream traction. In June, the Verkhovna Rada introduced a bill to determine a crypto asset reserve, and in August, Cointelegraph realized {that a} taxation bill would receive its first studying.
Ukraine ranks eighth globally in Chainalysis’s 2025 World Crypto Adoption Index. The nation scores significantly excessive in centralized worth acquired throughout each retail and institutional classes, and in addition holds a prime spot in DeFi worth acquired — a sector gaining traction in Eastern Europe.
“A window of alternative has opened for attracting crypto investments and repatriating overseas belongings of Ukrainian crypto fanatics,” Volodymyr Nosov, CEO of European crypto change WhiteBIT, informed Cointelegraph. “This can be a key issue for revitalizing the financial system and modernizing the market […].”
Crypto tax discussions world wide
Extra international locations are weighing tax insurance policies for cryptocurrencies because the asset class positive factors international acceptance. Over the previous yr, Denmark, Brazil and the US have every moved to deal with crypto taxation.
In October 2024, Denmark’s Tax Legislation Council really helpful a invoice to levy taxes on unrealized crypto gains. In his report, the Danish tax minister stated that the invoice’s method can be an easier solution to tax crypto. It’s nonetheless thought-about a proposal.
In June 2025, Brazil moved to end a crypto tax exemption and impose a 17.5% flat tax fee on crypto positive factors amid a authorities’s push to boost cash by means of taxation of economic markets.
In July, representatives within the US’s decrease legislative chamber were set to hold a hearing on a framework for the taxation of crypto belongings within the nation.
Journal: AI Eye: ‘Slaughterbot’ drones in Ukraine, MechaHitler becomes sexy waifu
