In Ukraine, cryptocurrency is being prepared to legalize: the bill is almost ready

In Ukraine, active work on the legislative regulation of cryptocurrencies is ongoing. According to Danilo Getmantsev, Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, the corresponding bill is almost ready, and its adoption is expected until the summer of 2025.

The deputy reported this at the New Economy: cryptocurrency, CBD and Onlyfans, which organized Mezha.Media together with the publication "Economic Truth".

Getmantsev noted that cryptocurrency in Ukraine will not have any tax benefits, as this can create unequal conditions compared to other investment tools. Crypto assets will be taxed at the level of ordinary investment assets. The tax will be charged from the profit when the cryptocurrency is brought into fiat money (traditional currency).

A separate issue remains a transition period for those who already have cryptocurrency assets but cannot confirm the fact of their purchase. Such owners will apply a tax model from the total amount of assets, not just from the profit received.

Hetmantsev stated that the logic of the cryptocurrency market should be regulated by the National Securities and Stock Market Commission. However, he doubts the ability of this body to perform the appropriate functions.

“I think that the National Securities Commission should be theoretically. But, unfortunately, we see that this body in our country is not institutionally able to master the relevant relationship. At this stage, the regulator should be the National Bank of Ukraine, ”the deputy explained.

According to Hetmantsev, the bill will be made for the first reading in the Verkhovna Rada in the first quarter of 2025.

"I can promise that we will do our best to be adopted by this law this year," he said.

Earlier, Getmantsev also noted that the development of a legislative framework for cryptocurrency in Ukraine is being cooperated with international experts. This should ensure that Ukrainian standards comply with European standards and promote the integration of the Ukrainian cryptocurrency market into the world financial system.

Recall, after Donald Trump's decree to create a working group for the development of cryptopolitanism, the bitcoin fell below $ 100,000, which caused the fall of other popular token, such as Solana and Cardano.

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