The Ukrainian Parliament plans to lead the initial reading of a bill on cryptographic regulations at the end of August, according to government officials. The legislation, if approved, could establish a legal framework for digital assets aligned with European standards.
“The preparation of a bill on the taxation of transactions with virtual assets is currently in the final stage,” said Danylo Hetmantsev, head of the parliamentary committee, taxation and customs, told Cointelegraph Hetmansev.
“It is estimated that his submission for the first reading in the Verkhovna Rada is scheduled for late August 2025.”
A key provision in the bill is the ability of individuals to manifest themselves and legalize the digital assets previously acquired. Under the regulations, holders who seek to legalize assets would pay an income tax of individuals by 5% and 5% of military functions, said Hetmantesev.
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Ukraine has a history of regulatory departures and judgments concerning the cryptographic industry. In 2022, the Verkhovna Rada, the unicameral parliament of the country, adopted legislation legalizing the exchanges of cryptography. However, progress in the imposition of cryptographic transactions has been slow.
In December 2024, the government revealed plans for new legislation that would tax cryptocurrency in the same way as securities, applying taxes when the assets are converted into fiduciary currency.
In April 2025, the financial regulator of Ukraine proposed taxing certain cryptographic transactions at a rate of up to 23%, but left room to exclude Crypto-Crypto and Stablecoins transactions.
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In another crypto effort, legislators presented a bill in June to allow the National Bank of Ukraine to include cryptocurrencies such as Bitcoin (BTC) in its reserve. The plan was announced in May at a conference in Kyiv.
According to BitcoinTareries.net, Ukraine is the fourth Bitcoin holder among governments, with 46,351 BTC worth $ 5.4 billion to date.
If it is recruited, legislation would place the country among the few jurisdictions with a codified cryptocurrency reserve. US President Donald Trump signed an executive decree creating a Bitcoin Strategic Reserve in the country on March 6, while Kazakhstan announced its intention to form a similar cryptography reserve on June 30.
Cryptographic activity has increased in Eastern Europe, the region receiving a value of $ 499 billion in cryptography flows between July 2023 and June 2024.
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