A top Ukrainian legislator confirms that crypto regulations are nearing approval, with full legalization expected by summer 2025.
Ukraine Regulatory Framework Nears Completion
Danilo Getmantsev, Chairman of Ukraine’s Committee on Finance, Tax, and Customs Policy, has announced that the country is on track to fully legalize cryptocurrency by mid-2025. The legislative framework is nearly finalized, with ongoing discussions on taxation and oversight.
Taxation and Compliance Challenges
Unlike some nations offering tax incentives, Ukraine plans to tax digital assets similarly to traditional investments. However, a key concern remains—investors who cannot verify their crypto acquisitions may face taxation on their entire holdings rather than just their profits.
Who Will Oversee Crypto Regulations?
The National Securities and Stock Market Commission was initially expected to regulate the industry, but Getmantsev suggests the National Bank of Ukraine may take on this role due to its stronger institutional capacity.
Timeline for Legalization
The legislation is expected to pass its first reading in early 2025, with full adoption targeted for mid-year. Regulatory bodies have affirmed this timeline, reinforcing Ukraine’s commitment to integrating crypto into its financial system.
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