The Ukrainian government is planning to legalize cryptocurrencies by early 2025, according to Daniil Getmantsev, head of the tax committee of the Verkhovna Rada.
The draft bill, which is currently being reviewed, will be finalized in coordination with the National Bank of Ukraine (NBU) and the International Monetary Fund (IMF).
Its main objective is to regulate digital assets while ensuring financial control. Previous speculations about potential tax incentives have been refuted, as the finalized legislation will apply standard taxation rules similar to securities trading.
This means that all profits from crypto transactions will be subject to taxation once converted into fiat currencies. If legalized, Ukraine will join a growing number of countries around the world in acknowledging and regulating the use of cryptocurrencies. This could position the country as a potential hub for regulated digital asset trading in Eastern Europe.
