On April 24, the bill on virtual assets was submitted for consideration by the relevant committee of the Verkhovna Rada of Ukraine (VR). Committee members unanimously supported the initiative, after which the document will be forwarded to parliament for review.
This is reported by Finway
The Committee on Finance, Taxation, and Customs Policy unanimously approved the bill on virtual assets. This was reported by the first deputy chairman of the committee, MP Yaroslav Zheleznyak. He noted that the revised bill, which regulates and taxes crypto assets, has been recommended for its first reading. The document also provides for a preferential period until the end of 2026 at a rate of 5%, excluding the military tax.
Earlier, the committee chairman Danilo Hetmantsev announced that the initiative would be presented for consideration on April 24, 2025. The full voting record can be found on the official YouTube channel.
“Currently, we effectively have only one bill under consideration. It is large and complex, concerning the circulation of virtual assets,” said Hetmantsev.
Hetmantsev also noted that Ukraine ranks among the top six countries in the world in terms of crypto asset adoption, with its share of global cryptocurrency traffic accounting for 2.5%. “We cannot and will not ignore such a significant phenomenon as crypto assets,” he emphasized.
The committee chairman added that cryptocurrencies are not considered a means of payment in Ukraine according to the position of the National Bank. The bill aims to clarify the classification, oversight, and taxation of virtual assets. Earlier, Zheleznyak provided a brief overview of the main provisions of the bill and the likely taxation model.
Among the key points outlined in the document are: the classification of virtual assets into three groups, the mechanism for acquiring ownership rights, requirements for public offerings of virtual assets, mandatory formation of a white paper, requirements for service provider authorization, protective measures for owners and clients, as well as the taxation model.
Hetmantsev confirmed information previously stated by Zheleznyak regarding the preferential period, capital gains tax collection within a year, self-declaration of income, the absence of a simplified taxation system, and more.
“It is important not to delay this issue. It concerns the establishment of clear rules for market participants. The legalization of crypto assets could potentially have a significant impact on the budget,” Hetmantsev concluded.
At the time of writing, the date for the first reading of the bill remains unknown.