The Rada voted to legalize cryptocurrency and its taxation rules
3 September 2025 12:45
Today, on September 3, the Verkhovna Rada of Ukraine adopted in the first reading the draft law No. 10225-d, which provides for the legalization of the virtual asset market and defines the rules for their taxation. This was announced by MP Yaroslav Zheleznyak, "Komersant Ukrainian" reports
This refers to the draft law No. 10225-d on the legalization of the virtual assets (crypto) market in Ukraine and the definition of rules for their taxation.
“The Verkhovna Rada voted in the first reading on draft law #10225-d – legalization of the virtual assets (crypto) market in Ukraine and determination of the rules for their taxation,” the politician wrote.
The document was voted for by 246 MPs.
The explanatory note states that the adoption of this draft law will allow Ukraine to comply with international standards, improve the protection of consumer, investor and user rights, and create transparent conditions for transactions with virtual assets.
The document amends the Tax Code of Ukraine and the Law of Ukraine “On Virtual Assets”.
Main objectives of the draft law
- Legalization of virtual assets – creation of a clear legal framework for their use.
- Taxation of transactions with virtual assets – introduction of special tax regimes for individuals and legal entities.
- Protection of investors and consumers – mandatory reporting, control and supervision.
- Prevention of abuse – control over financial flows, reporting by service providers, and the fight against money laundering.
What are the main provisions of the draft law?
The draft law aims to create a transparent market for cryptocurrencies and other virtual assets in Ukraine, as well as to harmonize national legislation with international standards. The document provides for
- a special taxation regime for transactions with virtual assets starting from January 1, 2026;
- taxation of profits from such transactions based on the results of the year;
- the possibility of taking into account losses of previous periods;
- tax exemption for the exchange of one virtual asset for another, sale of assets within one minimum wage and receipt of assets from their issuer free of charge.
What will change for businesses and individuals?
- VA service providers will have to register with the regulator within 60 days of starting their activities and submit annual reports.
- A special regime of taxation of profits from transactions with virtual assets (including the costs of their acquisition or creation) is introduced.
- Individuals will have a preferential transition period in 2026 with a 5% personal income tax rate.
- Transactions on the issue, sale or exchange of virtual assets (except for NFTs) will not be subject to VAT.
Harmonization with European legislation
The draft law is based on the provisions of Regulation (EU) 2023/1114 (MiCA), adopted on May 31, 2023. This will allow the Ukrainian market to operate under the same rules as in the EU and pave the way for attracting European investment.
What taxes are proposed?
According to MP Yaroslav Zheleznyak, the basic taxes will be 18% personal income tax, 5% military duty, and during the first year after the law comes into force, a preferential rate of 5% will be applied to withdrawals in fiat.
Who will regulate the market?
It is not yet known which body will become the market regulator – the National Bank of Ukraine (NBU) or the National Securities and Stock Market Commission (NSSMC).
Why is this necessary?
The explanatory note states that the adoption of the law will protect the rights of investors and users, increase the transparency of operations and create conditions for the development of the crypto economy in Ukraine.
When will the law come into force?
The main tax changes are planned to be implemented from January 1, 2026, and full market regulation will come into effect gradually, taking into account transitional provisions and reduced fines in the first years.
