Ukraine Crypto Regulation Set for 2025: Key Details Revealed
Daniil Getmantsev, chairman of the Verkhovna Rada Tax Committee, said that Ukraine is preparing to legalize cryptocurrencies in early 2025.
New legislation is currently under review. It aims to regulate digital assets while maintaining standard tax practices.
Ukrainian crypto regulations will tax crypto profits
According to local ReportThe draft bill is being finalized in cooperation with the National Bank of Ukraine (NBU) and the International Monetary Fund (IMF). However, earlier hopes for a tax exemption have been dismissed.
Instead, the new Ukraine Crypto Regulation Cryptocurrency profits converted into fiat currency will be taxed, following similar rules to securities trading.
In addition, a dedicated working group is advancing the draft legislation, with the aim of having its first reading in Parliament in the first quarter of 2025. The framework will oversee digital asset trading with a focus on financial stability and Comply with Anti-Money Laundering (AML) standard.
“After consulting with European experts and the International Monetary Fund, we are very cautious about using cryptocurrencies in tax incentives as an opportunity to evade taxes in traditional markets,” Daniil Getmantsev said.
Legalizing cryptocurrencies could provide Ukrainians with safe financial tools amid the ongoing conflict with Russia. Digital assets can provide alternatives Cross-border transactionsprotect wealth during wartime and bypass traditional banking systems disrupted by conflict.
Cryptocurrencies already play a vital role in humanitarian aid, Raising nearly $70 million in early 2023 Support Ukraine’s defense and disaster relief efforts.
The move is in line with global regulatory trends. Russia recently Cryptocurrency mining banned in occupied Ukraineincluding Donetsk and Luhansk.
Despite these moves, Russia has softened its domestic cryptocurrency tax policy. New bill exempts transactions from value-added tax (VAT) Limiting income tax rates on crypto income 15%.
elsewhere, Morocco is drafting cryptocurrency regulations to replace the 2017 ban. Meanwhile, Argentina is considering Bitcoin payments allowed Promote monetary freedom by 2025.
These developments highlight the growing global shift towards integrating cryptocurrencies into mainstream financial systems. Ukraine’s upcoming legislation marks an important step towards creating a transparent and regulated environment for digital assets, while emphasizing fiscal accountability and financial stability.
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