As of 2025, Ukraine is on the cusp of significant regulatory advancements in the cryptocurrency sector. Following a series of regulatory fluctuations, the Ukrainian parliament is poised to conduct the initial reading of a crucial crypto regulation bill by late August. This legislation aims to establish a legal framework for digital assets that aligns with European standards, reflecting the growing importance of cryptocurrency in global finance.
According to Danylo Hetmantsev, head of the parliamentary committee on finance, tax, and customs policy, “The preparation of a draft law on taxation of transactions with virtual assets is currently in the final stage.” He further stated that the submission for the first reading in the Verkhovna Rada is scheduled for the end of August 2025. A noteworthy aspect of this bill is its provision allowing individuals to legalize previously acquired digital assets. Under this regulation, asset holders wishing to come forward would be required to pay a 5% personal income tax and a 5% military duty.
Ukraine’s history with cryptocurrency regulation has been marked by both progress and delays. In 2022, the Verkhovna Rada passed legislation that legalized crypto exchanges, yet the advancement of taxation measures for crypto transactions has been relatively slow. In December 2024, the government revealed plans for new legislation that would tax cryptocurrency trading akin to securities, applying taxes when assets are exchanged for fiat currency. Additionally, in April 2025, Ukraine’s financial regulator proposed a tax rate of up to 23% on certain crypto transactions, while allowing exemptions for crypto-to-crypto exchanges and stablecoin transactions.
In another development, Ukrainian legislators introduced a bill in June that would enable the National Bank of Ukraine to include cryptocurrencies, such as Bitcoin (BTC), in its reserves. This initiative was first announced at a conference in Kyiv in May 2025. According to BitcoinTreasuries.net, Ukraine ranks as the fourth-largest holder of Bitcoin among governments, possessing 46,351 BTC valued at approximately $5.4 billion as of now. Should this legislation be enacted, Ukraine would join a select group of jurisdictions with a formalized cryptocurrency reserve. Notably, the United States government, under President Donald Trump, established a strategic Bitcoin reserve on March 6, while Kazakhstan announced similar plans for a crypto reserve on June 30, 2025.
The surge of crypto activity in Eastern Europe has been remarkable, with the region witnessing $499 billion in cryptocurrency flows from July 2023 to June 2024. This growth reflects a broader trend of increasing investment and interest in digital assets across the continent.
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In conclusion, the anticipated crypto regulation bill in Ukraine marks a pivotal step toward establishing a structured and legally recognized framework for digital assets. As the legislative process unfolds, it will be crucial to monitor its implications for both local and international stakeholders in the cryptocurrency market.
