Ukraine is working on legalizing cryptocurrencies with plans to do so in early 2025, but no tax breaks will be included in the legislation, according to Daniil Getmantsev, head of the Verkhovna Rada tax committee.
The draft law is currently under review and is expected to be finalized in coordination with the National Bank of Ukraine (NBU) and the International Monetary Fund (IMF) in early 2025. Its main objective is to regulate digital assets and maintain fiscal oversight.
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Despite previous speculation, there will be no tax incentives, and all profits from crypto transactions will be subject to standard tax rules, similar to securities transactions.
This move follows the trend towards legalization of cryptocurrencies worldwide and could make Ukraine a regulated hub for trading digital assets in Eastern Europe.