🇺🇦 Ukraine is preparing to legalize the crypto market: bill nearing the finish line
After three years of discussions, a committee of the Verkhovna Rada has backed a bill regulating cryptocurrencies. The document must now pass its second reading, scheduled for November.
What will change for cryptocurrency holders? Tax will be levied on profits from sales, crypto-to-crypto exchanges will be tax-exempt, and assets acquired earlier will qualify for a preferential 5% personal income tax rate through the end of 2028.
🤔Crypto exchanges will be required to obtain authorization and comply with requirements for customer protection and verification of the origin of funds.
The law is scheduled to take effect on July 1, 2027. However, it has not yet been finally adopted.
After three years of discussions, a committee of the Verkhovna Rada has backed a bill regulating cryptocurrencies. The document must now pass its second reading, scheduled for November.
What will change for cryptocurrency holders? Tax will be levied on profits from sales, crypto-to-crypto exchanges will be tax-exempt, and assets acquired earlier will qualify for a preferential 5% personal income tax rate through the end of 2028.
🤔Crypto exchanges will be required to obtain authorization and comply with requirements for customer protection and verification of the origin of funds.
The law is scheduled to take effect on July 1, 2027. However, it has not yet been finally adopted.