According to Cointelegraph, the Ukrainian parliament plans to hold the first reading of the cryptocurrency regulation bill at the end of August 2025. If passed, the bill will establish a legal framework for digital assets that complies with European standards. Danylo Hetmantsev, Chairman of the Parliamentary Committee on Finance, Taxation, and Customs Policy, stated that the draft law on virtual asset transaction taxes has entered the final preparation stage and is expected to be submitted for the first reading at the end of August 2025. Key provisions of the bill include allowing individuals to legalize previously acquired digital assets, requiring a 5% personal income tax and a 5% military tax. Ukraine's regulation in the crypto industry has experienced multiple ups and downs, having passed legislation to legalize cryptocurrency exchanges in 2022, but progress on taxation for crypto transactions has been slow. In December 2024, the government plans to tax cryptocurrency transactions similar to securities trading. In April 2025, financial regulators proposed taxing certain crypto transactions up to 23%, but excluding crypto-to-crypto and stablecoin transactions. In June, lawmakers proposed a bill allowing the National Bank of Ukraine to include cryptocurrencies like Bitcoin in its reserves. Ukraine is the fourth largest holder of Bitcoin globally, with 46,351 BTC, valued at $5.4 billion.