Ukraine's parliament plans to conduct the initial reading of a bill that could create a legal framework for cryptocurrencies aligned with European standards.
Preparation of the Cryptocurrency Taxation Bill
By late August 2025, Ukraine aims to present a bill on the taxation of virtual asset transactions. Danylo Hetmantsev, head of the parliamentary committee on finance, stated that the bill is in its final preparation stage. A key provision allows individuals to legalize previously acquired digital assets by paying a 5% personal income tax and 5% military duty.
History of Crypto Regulation in Ukraine
In 2022, Ukraine's parliament legalized crypto exchanges, but progress on taxing crypto transactions has been slow. In December 2024, the government revealed plans to tax cryptocurrency trading similarly to securities. In April 2025, it proposed a tax of up to 23% on certain crypto transactions, leaving room for exclusions on crypto-to-crypto and stablecoin transfers.
Future Plans for Cryptocurrency Reserves in the National Bank
In June 2025, a bill was introduced to allow the National Bank of Ukraine to include cryptocurrencies like Bitcoin in its reserves. Ukraine is the fourth-largest holder of Bitcoin among governments, with 46,351 BTC worth $5.4 billion. If signed into law, Ukraine would become one of the few jurisdictions with a codified cryptocurrency reserve.
The proposed cryptocurrency regulation and the creation of reserves at the National Bank reflect Ukraine's attempts to establish clear rules for the crypto industry, which may contribute to sector growth.
