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After years of regulatory fluctuations, Ukraine is preparing to evaluate a comprehensive crypto market regulation bill in late August 2025. The initiative will push the country’s approach to digital assets by crafting a legal framework aligned with the European Union (EU).
Ukraine Set to Regulate Crypto Bill in August
Ukraine’s parliament, the Verkhovna Rada, is planning to establish an EU-aligned crypto bill that will provide legal protection to cryptocurrency owners, exchanges, and companies operating in the sector.
One of the main goals of the bill is to establish a tax regime for crypto. It allows the crypto owners to legalize their assets by declaring them in their crypto tax returns. It includes a total of 10% tax on crypto holdings— 5% personal income tax and 5% military levy.
“The preparation of a draft law on taxation of transactions with virtual assets is currently in the final stage,” Danylo Hetmantsev, head of the parliamentary committee on finance, tax, and customs policy, told Cointelegraph.
“It is estimated that its submission for the first reading in the Verkhovna Rada is scheduled for the end of August 2025,” he added.
Increasing Transparency With Crypto Bill
By introducing the tax policy, Ukraine is aiming for improved transparency in the crypto space. The bill will integrate digital assets into the traditional economy, which increases surveillance of crypto ownership and trading.
Furthermore, authorities warn that over time, crypto wallets and transactions will become increasingly transparent for tax compliance purposes. With clearer regulation and oversight, Ukraine focuses on reducing illicit activities in the crypto space.
Hetmantsev said, “We must provide the market with legal protection. Those people who own crypto. Those people who sell, exchanges that carry out this activity. The state must recognize this thing and must give the owner the opportunity to protect their rights. Because you cannot help but notice what is bigger than you.”
Ukraine Aligns Crypto Regulation With Global Standard
The draft will establish a legal framework for digital assets that is consistent with EU requirements and FATF (Financial Action Task Force) guidelines. The National Bank of Ukraine (NBU) Governor Andriy Pyshnyy reiterated that regulating crypto does not mean treating crypto as legal tender. He said that virtual assets cannot be a means of payment.
In an interview with RBC-Ukraine, Pyshnyy said, “The legalization of virtual assets should also not undermine our effectiveness in ensuring financial monitoring; the legislation in this area should implement the norms of international FATF standards and relevant European regulations,” the NBU head added.”
In another progress in crypto, Ukraine proposes measures to allow the NBU to consider digital assets, including crypto, in its reserve assets. This move places Ukraine among the countries exploring the inclusion of digital assets in their national reserves.
