The Verkhovna Rada of Ukraine has decided to postpone the consideration of the bill regarding the legalization of the cryptocurrency market until the beginning of autumn. According to the head of the Committee on Finance, Taxation, and Customs Policy, Danilo Hetmantsev, the issue will be discussed at a meeting on September 2 during the opening of the 14th session of parliament.
This is reported by Finway
Reasons for the Delay and Parliament’s Plans
According to Hetmantsev, this week, parliamentarians were unable to include the bill in the agenda. The politician emphasized that political issues proved to be more important for some deputies than the economic interests of the state. At the same time, he stressed the importance of quickly reviewing the document in September.
“Unfortunately, for some colleagues in the parliamentary hall, politics turned out to be more important than the economy,” he noted.
Hetmantsev promised to insist on including the bill in the agenda. He is convinced that the opening of a legal cryptocurrency market and the introduction of transparent rules will create new opportunities for Ukraine’s economy.
Main Provisions of the Bill and Future Prospects
The draft law has been developed in accordance with the European MiCA regulation and aims to establish clear and transparent rules for cryptocurrency market participants. Owners of digital assets will have the opportunity to legalize their income and pay a tax of 10%. Hetmantsev emphasized the need to create a civilized environment for the operation of the digital asset market in Ukraine.
During his speech at the Incrypted Conference 2025, he highlighted that the adoption of this bill is part of Ukraine’s international commitments. One of the key issues that remains open is the choice of a regulator for the new industry. Among the potential candidates are the National Bank of Ukraine, the National Securities and Stock Market Commission, and the Ministry of Digital Transformation.
Hetmantsev expressed confidence that the implementation of cryptocurrency market legalization could provide significant revenue to the state budget. According to estimates by Global Ledger, due to the lack of legal regulation in the cryptocurrency sector from 2021 to 2024, Ukraine missed out on about 8.34 billion UAH in taxes from centralized cryptocurrency exchanges (at a rate of 18%) and another 6.53 billion UAH from taxing citizens’ income. Therefore, the legalization of the cryptocurrency market is seen as an important step for budget replenishment and the development of the country’s financial sector.