Ukraine affects a clearer crypto regulation with a new bill on legalization and crypto tax.
Summary
- The parliament of Ukraine, the Verkhovna Rada, has adopted the first reading of a bill to legalize cryptocurrency, with 246 votes in front and 31 against.
- The bill introduces a tax rate of 18%, with a 5% tax on crypto win and a temporary tax rate of 5% for Fiat conversions in the first year.
- The bill would be before the second reading in the coming months.
On Wednesday, the Ukrainian parliament, the Verkhovna Rada, voted for a bill that, according to the legislator Yaroslav Zhelezniak, could bring the growing crypto sector of the country. The recent adoptions signals the increasing importance of Ukraine in the integration of cryptocurrency in his economy.
A voice of trust for the Crypto -Completion of Ukraine
The first reading of the bill was passed With a large majority of 246 of the 321 total votes, with only 31 votes against. The high margin is an indication that the country is willing to adopt digital innovation, despite the current conflict with Russia. This step corresponds to the goal of the government to offer a structured environment where individuals and companies can confidently deal with cryptocurrencies.
For Ukrainians, the bill is not only a clarity of the regulations, but it can have an in -depth effect on the taxes and trade of digital assets in the country. The proposed law would impose a general tax rate of 18% plus 5% on crypto win. The first year would also see a reduced tax rate of 5% on conversions to Fiat -Valuta, so that crypto traders and investors offer a temporary delay.
The proposed 23% crypto tax corresponds to the April recommendation by the SEC of the country. The first proposal has excluded crypto-naar-Crypto and stablecoin transactions and the country moved closer to crypto-friendly tax models.
However, further revisions are expected. Zhelezniak said: “I don’t see much of going into detail now, there will be many changes before the second reading”, in a translated statement.
Ukraine’s growth position as a global crypto leader
Because Ukraine still recovers and rebuilt after the destruction caused by the Russian invasion, the attention for cryptocurrency has become even more urgent. The country has become a pioneer in the adoption of Crypto. Chainalysis 2025 Global Crypto Adoption Index places Ukraine on 8th in the world in terms of crypto adoption, which is an honor for the nation that has a strong digital asset culture despite the current geopolitical issues.
In the meantime, the Crypto-Legalization Act builds on earlier efforts from 2022, before the regulatory initiatives of Ukraine were paused because of the full invasion by Russia. Nevertheless, the momentum of crypto regulation in Ukraine has remained strong. In June 2025, legislators proposed a bill to add virtual assets to the foreign currency reserves of the National Bank of Ukraine, making it possible to have a Bitcoin reserve managed by the government.
For now the country is waiting for the second reading of the account, which is expected in the coming months. Full legalization of cryptocurrency and a special crypto reserve would place Ukraine in the center of digital assets regulation in Europe, which can open new opportunities in international investments and digital innovation.
