The Verkhovna Rada, Ukraine’s parliament, handed the primary studying of a invoice to legalize and tax cryptocurrency on Wednesday, in accordance to lawmaker Yaroslav Zhelezniak. If signed into legislation, the invoice would considerably form the digital asset economic system within the nation, which ranks among the many world’s prime in crypto adoption.
According to Zhelezniak’s announcement on a Telegram channel, the invoice handed the primary studying with 246 lawmakers voting in help. The laws’s draft outlines an revenue tax of 18% and a navy tax of 5% on digital asset income. The invoice additionally units a preferential 5% tax price on fiat conversions its first 12 months, in line with the announcement.
The proposed taxation price of 23% is consistent with the April advice of Ukraine’s monetary regulator. The preliminary advice exempted crypto-to-crypto and stablecoins transactions, bringing Ukraine’s crypto tax system nearer to crypto-friendly nations.
“I do not see a lot level in going into element now, there will likely be many adjustments earlier than the second studying,” Zhelezniak stated in an translated assertion. “It remains to be unknown who the regulator will likely be (NBU or the National Securities and Stock Market Commission).”
Ukraine’s parliament has been advancing crypto laws this 12 months as digital property acquire mainstream traction. In June, the Verkhovna Rada launched a invoice to ascertain a crypto asset reserve, and in August, Cointelegraph discovered {that a} taxation invoice would obtain its first studying.
Ukraine ranks eighth globally in Chainalysis’s 2025 Global Crypto Adoption Index. The nation scores significantly excessive in centralized worth acquired throughout each retail and institutional classes, and in addition holds a prime spot in DeFi worth acquired — a sector gaining traction in Eastern Europe.
“A window of alternative has opened for attracting crypto investments and repatriating international property of Ukrainian crypto fans,” Volodymyr Nosov, CEO of European crypto trade WhiteBIT, informed Cointelegraph. “This is a key issue for revitalizing the economic system and modernizing the market […].”
Crypto tax discussions all over the world
More nations are weighing tax insurance policies for cryptocurrencies because the asset class beneficial properties international acceptance. Over the previous 12 months, Denmark, Brazil and the United States have every moved to handle crypto taxation.
In October 2024, Denmark’s Tax Law Council really useful a invoice to levy taxes on unrealized crypto beneficial properties. In his report, the Danish tax minister stated that the invoice’s strategy could be a less complicated method to tax crypto. It remains to be thought-about a proposal.
In June 2025, Brazil moved to finish a crypto tax exemption and impose a 17.5% flat tax price on crypto beneficial properties amid a authorities’s push to boost cash by means of taxation of monetary markets.
In July, representatives within the US’s decrease legislative chamber had been set to carry a listening to on a framework for the taxation of crypto property within the nation.
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