Ukraine Takes Landmark Step Toward Crypto Legalization with 23% Tax Framework
Ukraine's Parliament has approved a first-reading bill to legalize cryptocurrencies and establish a comprehensive taxation system. The MOVE aligns the country with European standards while creating a new revenue stream for its wartime economy.
The legislation classifies digital assets as taxable property, imposing an 18% income tax plus 5% military contribution on profits. A transitional 5% rate will apply to fiat conversions during the first year, while crypto-to-crypto transactions remain exempt.
This regulatory clarity comes as Ukraine seeks to integrate with EU markets and attract crypto businesses. The framework avoids recognizing cryptocurrencies as legal tender, maintaining the hryvnia's exclusive status while creating space for digital asset innovation.
