The Verkhovna Rada of Ukraine plans to hold the first reading of a bill aimed at regulating the cryptocurrency market in the country in August 2025. This was announced by the head of the parliamentary Committee on Finance, Taxation, and Customs Policy, Danilo Hetmantsev, who emphasized that the document has already been added to the agenda.
This is reported by Finway
Legal Protection for Digital Asset Owners
As Hetmantsev noted, the main goal of the initiative is not only to organize the circulation of digital assets but also to provide legal protection for cryptocurrency owners, exchanges, and companies operating in this sector. The cryptocurrency market in Ukraine already has significant scale, so ignoring this segment of the economy, according to him, is impossible.
“We need to provide the market with legal protection. For those people who own cryptocurrency. For those people who sell, for exchanges that carry out this activity. The state must recognize this and allow the owner to protect their rights. Because you cannot ignore what is larger than yourself,” said Hetmantsev.
A key aspect of the bill will be the possibility to legalize already acquired digital assets. To do this, citizens will be offered to declare their cryptocurrencies and pay a one-time 5% personal income tax and a 5% military tax. After completing this procedure, the assets will be recognized as legally acquired.
Consultations with International Experts and Consequences of Evasion
Hetmantsev emphasized that the proposed tax mechanism is the result of lengthy consultations not only with Ukrainian government agencies but also with international experts, including representatives of the International Monetary Fund. In his opinion, a rate of 10% is a compromise that satisfies most market participants.
The official also stressed that for those who do not wish to “come out of the shadows,” there remains the option to stay in the illegal sector. At the same time, he warned that over time, the connection between the owner and the cryptocurrency wallet will become transparent, and all previous transactions along with tax consequences will be established.
Hetmantsev noted that Ukraine must implement European standards for monitoring the origin of funds, especially in the context of preparing for EU membership. Without the legalization of crypto assets, citizens will find it difficult to explain the origin of funds when purchasing expensive items or assets.
At the same time, the question of who will become the market regulator — the National Bank of Ukraine, the National Securities and Stock Market Commission, or the Ministry of Digital Transformation — remains open and is still under discussion.