Ukraine to Legalize Crypto in 2025, but Here’s the
Ukraine to Legalize Crypto in 2025, but Here’s the Catch
A draft law is being finalized to legalize cryptocurrency in Ukraine by the first quarter of 2025.
While the country aims to regulate the industry, cryptocurrency transactions will not be exempt from taxes.
Ukraine is taking a cautious approach to crypto taxation, following the model used for securities, to prevent potential tax evasion.
Ukraine is set to legalize cryptocurrency by the first quarter of 2025, taking a significant step toward regulating its digital economy. However, the country has clarified that it will not offer tax exemptions for cryptocurrency transactions.
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Danylo Hetmantsev, head of Ukraine’s Parliamentary Committee on Finance, Tax, and Customs Policy, revealed that a parliamentary group is finalizing the first draft of a cryptocurrency law. Developed in collaboration with the National Bank and the International Monetary Fund (IMF), the draft is expected to be ready shortly after the New Year.
Hetmantsev is confident that the legislation will be passed, making cryptocurrency legal in Ukraine by early 2025.
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