Ukraine Advances Crypto Regulation Bill with 18% Tax on Digital Asset Income
Ukraine's Verkhovna Rada has passed the first reading of a landmark VIRTUAL assets bill, signaling growing institutional recognition of cryptocurrencies. The draft law establishes legal definitions for crypto assets, aligns local regulations with Europe's MiCA framework, and introduces an 18% personal income tax plus military levy on digital asset transactions.
With 246 votes in favor, the legislation marks a pivotal step toward formalizing Ukraine's crypto market structure. Lawmakers acknowledge the bill requires substantial revisions before final adoption, particularly regarding regulatory oversight. The proposed tax regime offers transitional relief through 2026, suggesting strategic positioning to attract crypto businesses during implementation.
