The Ukrainian Parliament adopts the first reading of the tax bill for cryptography with 18% income tax, aimed at regulating digital assets and stimulating economic growth by 2026.
The Parliament of Ukraine, the Verkhovna Rada, adopted the first reading of a bill to legalize and tax cryptocurrencies on September 3, 2025. Bill No. 10225-D is a bill to regulate the virtual asset market in the country. Deputy Yaroslav Zhelezniak common Voting on the telegram and said that 246 deputies had voted in favor of legislation. This decision is an important step towards the creation of regulated cryptocurrency under the control of the rapidly expanding market of Ukraine.
Ukraine writes the law on cryptographic taxes with an income rate of 18%
Ukraine is at the forefront of the adoption of cryptocurrencies in the world. About 16% of Ukrainians held cryptographic assets before the Russian invasion, which is roughly the same as in the United States. The country is the number eight in the Global 2025 Cryptography adoption index of the analysis chain. Despite the popularity of the cryptography market in Ukraine, it was largely unregulated. Billions of dollars in transactions are not taxed each year and the government lacks potentially significant income.
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The bill defines virtual assets as a digital property compatible with blockchain. These assets will not be deemed to be money or a legal. Instead, they will be treated as mobile goods on civil law. The law grants a standard tax rate of 18% on the income of cryptographic transactions. It also contains a 5% military tax that is used to finance national defense. For the first year which followed the implementation of the law, the tax rate on the conversion of the crypto to fiduciary currency at a tax rate of 5%
The bill is a reaction to the expansion cryptography market in Ukraine. The country has adopted blockchain technology, especially in the field of decentralized finances (DEFI). Ukraine also creates its own digital asset reserves in order to increase economic growth. Volodymyr Nosov, CEO of European Crypto Exchange Whitebit, said that the bill offered a “opportunity window” to attract investments in cryptography. He thinks that will make the economy of modern Ukraine.
The Cryptographic Taxation Act of Ukraine should come into force in January 2026
While the bill adopted the first reading, the changes are likely before the second reading. Zhelezniak said the legislators would offer amendments to improve the legislation. Certain operational questions, such as the agency will apply the rules, must still be determined. The supervision of regulations can be led by the National Bank of Ukraine (NBU) or the National Commission for Securities and Scholarships (NSSMC). This decision will determine how the law is put into practice.
The bill was welcomed by the cryptographic community in Ukraine. Many consider it progress towards clear rules and legitimacy for digital assets. However, some are still cautious and they expect details on the application. If it is adopted, the law will make Ukraine one of the most friendly countries in Europe. This could help attract more investment and innovation in the sector.
The progress of the bill is the product of global trends in cryptography regulation. Other countries such as Brazil and the United States also create cryptography tax Laws. The stage of Ukraine would put it in the center position for regulated digital assets in Eastern Europe. The bill will come into force on January 1, 2026, after other readings and approval. Step 2 can allow Ukraine to perceive billions of dollars in tax revenue and improve its economy in the midst of other challenges.
