In August 2025, Ukraine's parliament plans to consider a crypto regulation bill aimed at aligning with European standards.
Objectives and Content of the Bill
The crypto regulation bill aims to establish a framework similar to European rules, including taxation rules and regulatory measures. This initiative is led by key figures such as Daniil Getmantsev and the National Bank of Ukraine, aiming to enhance transparency and alignment with international standards.
Cryptocurrency as Legal Tender
The National Bank of Ukraine, led by Andriy Pyshnyy, has stated that cryptocurrencies will not be accepted as legal tender. As emphasized by Andriy Pyshnyy, "Virtual assets cannot be a means of payment in Ukraine," confirming the decision to preserve monetary sovereignty. The bill will address major cryptocurrencies, including Bitcoin and Ethereum.
Impact on Financial Stability
The bill is expected to positively impact Ukraine's financial stability by taxing crypto transactions and supporting the budget. However, no tax incentives will be included, treating cryptocurrencies like securities. This may lead to increased compliance demands, pushing unlicensed exchanges to formalize operations.
The crypto regulation bill represents a key step for Ukraine in the regulation of digital assets, but its successful implementation will depend on the progress of legislative processes.
