In August 2025, the Verkhovna Rada of Ukraine will hold its first reading of a draft law aimed at legalizing and regulating the cryptocurrency industry. According to Danylo Hetmantsev, head of the Parliamentary Committee on Finance, Tax and Customs Policy, the bill is already included in the legislative agenda.
The law aims to bring the Ukrainian crypto market — already well-developed and operating at large scale — out of the legal gray zone. It offers legal protections to cryptocurrency holders, platforms, and businesses, while setting a clear tax structure for digital assets.
🔑 Key Provisions of the Draft Law
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Legalization of digital assets: Individuals and businesses involved in crypto will be able to declare their holdings and gain full legal protection.
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One-time taxation for "shadow" assets: A 10% tax (5% personal income tax + 5% military levy) will apply to previously undeclared crypto holdings. Once paid, these assets will be treated as legally acquired.
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Voluntary compliance: Those who choose not to declare will not be forced immediately, but risk retroactive penalties as transparency and wallet tracking improve.
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International alignment: The tax approach was agreed upon with IMF experts and international partners to meet EU accession standards for financial transparency.
Hetmantsev stressed that the state must acknowledge and regulate the sector:
“You cannot fail to notice what is bigger than you. The state must give the owner the opportunity to protect their rights,” he stated.
🔍 Who Will Regulate the Market?
One unresolved issue remains: which agency will act as the primary crypto market regulator. Current discussions involve:
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The National Bank of Ukraine (NBU)
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The National Securities and Stock Market Commission
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The Ministry of Digital Transformation
Resolving this point is considered crucial for implementation.
🧩 Why It Matters
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Legal clarity for crypto holders and exchanges
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State revenue from taxation of digital assets
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Stronger anti-money laundering controls
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Alignment with EU requirements for financial transparency
With this law, Ukraine seeks to balance innovation with regulation, encourage responsible use of digital assets, and position itself as a forward-thinking tech economy in Europe.
