The country is preparing to regulate the crypto sector with legislation that will apply the same tax rules as traditional financial activities.
Ukraine is set to implement a plan for the legalization of digital assets by early 2025. The announcement came from Daniil Getmantsev, head of the tax committee of the Verkhovna Rada, Ukraine’s parliament, who outlined a regulatory framework without tax incentives.
The draft law, currently under review, is being developed in close collaboration with the National Bank of Ukraine (NBU) and the International Monetary Fund (IMF). A dedicated working group is finalizing the legislation, which is expected to be presented for its first parliamentary reading in the first quarter of 2025.
According to Getmantsev, profits from cryptocurrency transactions will be subject to standard capital gains taxation when converted into fiat currency.
The tax committee chairman explained:
“We are cautious about tax incentives as they could be exploited for tax evasion in traditional markets.”
The regulatory framework will focus on anti-money laundering (AML) measures, aiming to create a transparent and secure environment for businesses and investors.
