Ukraine has taken a significant step toward becoming a crypto-friendly nation as lawmakers in the Verkhovna Rada approved a new cryptocurrency regulation bill in its first reading. The bill received strong support, with 246 out of 321 deputies voting in favor, signaling a clear political commitment to integrating digital assets into the national economy — even amid the ongoing war with Russia.
New Crypto Tax Structure Introduced
One of the central features of the proposed legislation is a new taxation structure for cryptocurrency profits. If passed, individuals and businesses would face a 23% tax rate on crypto gains, made up of an 18% base income tax and an additional 5% levy.
To ease the transition and encourage adoption, the bill proposes a temporary 5% tax on converting crypto into fiat currency during the first year of implementation. Lawmakers describe this approach as a balanced solution that promotes innovation while ensuring fiscal responsibility.
Ukraine’s Rising Role in the Global Crypto Market
Ukraine is already making waves on the global crypto stage. According to the Chainalysis 2025 Crypto Adoption Index, the country ranks 8th worldwide for digital asset adoption. This high level of engagement has created momentum for clearer regulations and more government involvement in the sector.
Looking ahead, Ukrainian officials have also hinted at plans to include virtual assets in the central bank’s reserves, potentially making Ukraine the first European nation to hold Bitcoin or other cryptocurrencies as part of its official reserves.
The crypto regulation bill will now move on to a second reading in the Verkhovna Rada in the coming months. If passed, it could reshape Ukraine’s role in the digital asset economy and set an example for other countries in the region.
