Degen

Ukraine is moving forward with the legalization of cryptocurrencies and is likely to impose a tax of 5-10% on these assets. The bill is set to be voted on in the coming months, local media reported on February 28.

Alongside this proposal, there is another option that would include an 18% income tax and a 5% military levy, bringing the total tax on cryptocurrencies to 23%.

Danil Hetmantsev, head of the Ukrainian parliament’s finance and taxation committee, has said that the first consideration of the bill will take place by the end of March and, if approved, it could be implemented by mid-2025. However, some officials believe that the process of its approval and implementation could drag on until 2026.

Due to the expansion of cryptocurrency fans, governments are also looking to generate tax revenue.