Danilo Hetmantsev, the head of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy, announced that the process of legalizing cryptocurrencies and implementing their taxation in Ukraine is expected to be completed by early 2026. He shared this information during his speech at the GET Business Festival 2025, emphasizing the complexity and volume of the document currently being processed.
This is reported by Finway
“We want to do this within two months. I thought we would finish by the end of this year, but it’s not happening. It’s actually a complicated document. However, we plan to have everything ready by early 2026,” Hetmantsev stated.
Features of the Cryptocurrency Bill
This concerns a bill regulating the circulation of virtual assets. In April 2025, it was supported by the relevant committee of the Verkhovna Rada, and in September, deputies adopted the document in the first reading. The bill defines the taxation rules for individuals and legal entities conducting operations with cryptocurrencies.
For individuals, a profit tax of 18% is proposed on cryptocurrency transactions, along with an additional 5% military tax. Additionally, during the first year of the law’s enactment, a preferential regime will apply: individuals will be able to pay only 5% tax without providing proof of expenses for acquiring crypto assets.
For legal entities, the standard profit tax rate of 18% will remain in effect.
Review Stages and Future Prospects
The bill is currently being prepared for its second reading. In October 2025, MP Yaroslav Zheleznyak reported that over 2500 amendments had been submitted to the document. In his opinion, the process of refinement will take another 2-3 months.
As explained by Igor Yasko, managing partner of the law firm Winner, formally, at least 14 days must pass between the first and second readings of the law, but in reality, this period may extend from one and a half to six months.
Hetmantsev also noted that parliamentarians will make efforts to bring the bill to a second reading by the end of 2025, but he did not rule out the possibility of passing the initiative to the next session of the Verkhovna Rada due to the large number of amendments and the complexity of the document.
Furthermore, the National Securities and Stock Market Commission will not claim the role of the main regulator of the crypto market in Ukraine, as previously reported by its representatives.