On August 9, 2025 at 09:54 UTC, Ukraine’s Verkhovna Rada announced plans to evaluate a comprehensive crypto regulation bill aligned with European Union standards. The draft legislation proposes a 10% tax on crypto holdings, comprising a 5% personal income tax and a 5% military levy, to be declared in annual tax returns. This tax framework aims to formalize digital asset ownership and integrate digital transactions into existing fiscal structures.
The bill also seeks to establish legal protections for cryptocurrency owners, exchanges, and service providers, thereby reducing regulatory uncertainty and encouraging market participation. By aligning with Financial Action Task Force guidelines and EU regulations, Ukrainian authorities intend to enhance transparency, combat illicit activities, and improve oversight of on-chain transactions.
National Bank of Ukraine Governor Andriy Pyshnyy confirmed that the legislation will not classify crypto as legal tender but will allow the central bank to consider digital assets as part of its reserve portfolio. This measure places Ukraine among a growing number of nations exploring digital asset inclusion in official reserves, reflecting evolving perspectives on crypto’s role in macroeconomic management.
Committee head Danylo Hetmantsev stated that the draft is in its final stages and is scheduled for first reading by the end of August 2025. He emphasized the need for legal clarity to protect investors’ rights and foster a regulated environment conducive to innovation. Critics warn that overly stringent tax requirements could drive activity to informal markets, underscoring the importance of balanced policymaking.
As Ukraine navigates its crypto policy framework, stakeholders will monitor the bill’s impact on market adoption, investor behavior, and international alignment. The outcome may serve as a precedent for other jurisdictions seeking to harmonize digital asset regulations with broader economic objectives.
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