Ukraine Moves to Legitimize Crypto With New Tax Framework

Ukrainian lawmakers are fast-tracking legislation that would reshape how digital assets are treated, granting them legal status for the first time while introducing a national tax regime.

The draft outlines an 18% levy on cryptocurrency gains, with an extra 5% earmarked for defense funding. To ease adoption, a temporary one-year transition period will allow cheaper conversions into the local currency. Which body will supervise the market – the central bank or the securities regulator — remains unresolved.

Calls for action intensified after warnings from the Royal United Services Institute, which linked Ukraine’s loose oversight to risks ranging from political funding by foreign actors to smuggling of military technology. Without reform, experts argue, Kyiv could be branded a hub for money laundering at a time when it urgently needs credibility with international partners.

Public enthusiasm for crypto has only added to the urgency. Ukrainians rank among the top global adopters, with Chainalysis placing the country first in Eastern Europe and within the worldwide top ten. That level of use, combined with wartime financing pressures, has pushed policymakers to view digital assets less as a side market and more as part of the broader economy.

Read More:

Solana Approves Alpenglow Upgrade

The bill still faces revisions before a final vote, but its trajectory is clear: Ukraine is shifting from ad-hoc use of crypto to a structured system where digital assets are taxed, supervised, and woven into its financial strategy.

Source