Ukraine is moving closer to legalizing and regulating cryptoasset activity. A parliamentary committee, financial market regulators and experts are finalizing bill 10225-d for second reading, with the goal of creating a European-style framework for the sector.
The draft is expected to define licensing rules for crypto exchanges, responsibility for market participants, investor protection standards and taxation mechanisms. It also aims to make the market more transparent and reduce the risk that digital assets are used to hide illegal wealth.
Compliance pressure is rising
The topic is becoming more practical because cryptoasset declarations are growing. In 2025, officials filed 2,861 declarations containing cryptoassets, up from 2,468 in 2024 and far above the 961 declarations recorded in 2021.
Regulators and anti-corruption bodies already have tools to compare declarations with external data. A legal framework would make this work more structured by setting clearer duties for platforms and users. The core issue is not whether crypto exists in Ukraine, but how it will be supervised.
For business, licensing can bring both costs and predictability. Exchanges will face formal requirements, but transparent rules may also help attract institutional users who avoid gray-zone markets. The second reading will show how Ukraine balances innovation, taxation and financial security.
