10-8-2025 – Ukraine’s parliament, the Verkhovna Rada, is set to review a bill in late August 2025 that will impose a 10% tax on cryptocurrency holdings, aligning the nation’s digital asset regulations with EU standards. The proposed legislation, draft law No. 10225-d, includes a 5% personal income tax and a 5% military levy on declared crypto assets, offering a legal pathway for holders to formalize their investments.
The bill aims to integrate cryptocurrencies into Ukraine’s economy while enhancing transparency and curbing illicit activities. It provides legal protections for crypto owners, exchanges, and businesses, with Danylo Hetmantsev, head of the parliamentary finance committee, emphasizing the need to recognize the growing crypto sector.
Ukraine, holding 46,351 BTC valued at $5.4 billion, may also allow the National Bank of Ukraine to include digital assets in its reserves, following global trends seen in the U.S. and Kazakhstan. However, the National Bank’s governor, Andriy Pyshnyy, clarified that cryptocurrencies will not be recognized as legal tender.
The legislation, developed with input from the International Monetary Fund, seeks to balance innovation with fiscal oversight. Critics warn that the tax could drive some investors to offshore holdings, potentially impacting Ukraine’s crypto ecosystem. Supporters argue it will boost state revenue and foster blockchain development.The Verkhovna Rada’s first reading, scheduled for August 19, will determine the bill’s trajectory and Ukraine’s role in the global crypto landscape
