Parliament Approves Draft Law on Virtual Assets
The Verkhovna Rada of Ukraine voted in favor of draft law No. 10225-d, which legalizes the cryptocurrency market and introduces clear taxation rules for digital assets. According to People’s Deputy Yaroslav Zheleznyak, the decision was supported by 246 MPs.
How Cryptocurrencies Will Be Taxed
The draft law provides for the following taxation model:
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General taxation: 23% total (18% income tax + 5% military levy).
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Preferential rate for the first year: 5% when converting crypto into fiat currency.
This approach is designed to encourage transparent legalization of virtual assets and attract crypto businesses to operate officially in Ukraine.
Next Steps and Market Regulation
A significant number of amendments and clarifications are expected before the second reading. The key unresolved issue is who will regulate the market:
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the National Bank of Ukraine, or
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the National Securities and Stock Market Commission (NSSMC).
The final decision will shape the structure of Ukraine’s crypto ecosystem and its integration into the global financial market.
Global Context
The decision comes amid renewed global attention to cryptocurrencies:
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Recently, two Bitcoin wallets inactive since 2011 suddenly moved 20,000 BTC, sparking speculation on market dynamics.
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Reports also suggest that Donald Trump’s sons are actively seeking Bitcoin company acquisitions in Asia, highlighting the strategic role of crypto worldwide.
What Legalization Means for Ukraine
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Transparency: reducing the shadow economy of crypto trading.
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Revenue: additional funds for the state budget through taxation.
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Attracting business: creating favorable conditions for crypto exchanges, fintech startups, and blockchain projects to register in Ukraine.
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Integration with the EU: aligning Ukrainian legislation with European standards on digital assets.
