Cryptocurrency in Ukraine: the Verkhovna Rada supported the relevant bill

The document fixes basic definitions, establishes requirements for service providers and is based on European regulatory experience, in particular the MiCA regulation. Despite support in parliament, the bill is called interim: according to People’s Deputy Yaroslav Zheleznyak, it will be significantly revised before the next reading.

Regulation and control disputes

The main question that remains open for now is who will become the key regulator of the industry. Among the possible options are the National Bank of Ukraine or specialized commissions. According to Yaroslav Zheleznyak, the document was previously removed from consideration under the influence of the President’s Office. The People’s Deputy linked what happened to the National Securities and Stock Market Commission. The department denies this: its head, Ruslan Magomedov, stated that they have no reason to block the initiative.

The bill adopted in the first reading is more of a framework. It forms general principles, but key details — the licensing procedure, control of operations, and interaction with banks — will be clarified before the second reading. The Ukrainian approach is largely oriented towards the European experience: the MiCA regulation has already become a model for countries seeking to legalize the crypto market and integrate it into the traditional financial system.

Taxation and legalization

One of the key blocks of the document concerns taxation. For individuals, transactions with digital assets will be taxed at an income tax rate of 18%, plus military duty will be retained. At the same time, a benefit is provided: in the first year after the law comes into force, the rate will be 5%. This is a compromise option that allows reducing the burden on investors at the regulatory stage.

These regulations directly answer popular questions: is cryptocurrency legal in Ukraine, is cryptocurrency allowed in Ukraine, or, conversely, is cryptocurrency prohibited in Ukraine? The new law removes uncertainty. From the moment of its final adoption, crypto-assets will receive legal status, and tax rules will be clear and enshrined in legislation.

What does this mean for the market?

The bill opens up prospects for the cryptocurrency market in Ukraine, but also sets new challenges. On the one hand, regulation reduces legal risks, on the other hand, it adds obligations regarding reporting and tax payment. For investors, this is a signal to prepare in advance.

While the regulation is still in its infancy, it is important for investors to prepare for the new conditions in advance. The Best Wallet crypto wallet can help with this. It is not just an application for storing assets, but a full-fledged ecosystem: it already has support for thousands of cryptocurrencies on more than 50 blockchains and a built-in decentralized exchange (DEX). The launch of a crypto card, which will allow you to use digital assets in everyday payments, is also planned in the near future.

The native $BEST token offers access to preferential fees, additional features, and early participation in presales. Over $15.5 million has already been raised during the presale, and the value of $BEST is $0.025585. For users, this is an example of how to prepare for innovations in advance: have a convenient storage tool and receive investment benefits.

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Perspectives and tools for investors

The adoption of the law will inevitably increase interest in the largest cryptocurrencies, and many investors will begin to actively buy them. First of all, this applies, of course, to Bitcoin.

If we recall the metaphor that the first cryptocurrency is «digital gold», then the infrastructure solutions of the level built around it become the «shovels» without which this gold rush cannot do. In such a situation, it is worth paying attention to Bitcoin Hyper. The project was created as Layer 2 for the main network based on Solana Virtual Machine and is compatible with Ethereum, which allows for faster and cheaper transactions.

An important feature of the ecosystem is the bridge between Bitcoin and the Layer 2 network. It allows assets to be transferred directly, without the involvement of banks and fiat gateways. This mechanism transforms Bitcoin Hyper from a product for long-term investors into a practical solution with real possibilities for everyday use for payments.

The project ecosystem has a native token $HYPER. The coin is used to pay fees, staking, and vote on project development issues. The $HYPER price is currently $0.012855, the staking yield is 80% APY, and over $13.7 million has been invested in the presale.

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The adoption of the law triggers a long process of adaptation, and it is during such transitional periods that the crypto market becomes unstable. Uncertainty always increases price fluctuations, and investors and companies will look closely at the new rules. Movements in the memecoin segment are especially obvious in such cases, where the dynamics already depend not so much on fundamental factors as on the noise in social networks and the instant reaction of the audience. That is why services are needed in such periods that allow you to make decisions without unnecessary emotions and act as quickly as possible. Such as the Snorter trading bot.

Snorter works directly in Telegram: the user does not need to install separate programs, all trading takes place in the messenger chat. This lowers the barriers to entry and makes working with memecoins as comfortable as possible. The bot’s functionality includes copy trading — successful traders' transactions are automatically repeated, which helps to earn even without in-depth analysis. There is also an opportunity to subscribe to new promising tokens and participate in presales at early stages.

An important element of the infrastructure is security: Snorter protects transactions from MEV attacks, and smart contracts have been audited by SolidProof and Coinsult. The service’s economy is built on the $SNORT token. Its owners receive discounts on fees of up to 0,85%, can participate in staking with a return of up to 125% per annum, and gain access to additional features. Currently, $SNORT costs $0.1033, and the total amount of funds raised in the presale has exceeded $3.7 million.

Snorter Bot becomes a sought-after tool precisely in conditions of high volatility, as it combines a familiar interface with a wide range of functions necessary for working in one of the most unpredictable segments of the crypto market.

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Conclusion

The adoption of the law on cryptocurrency in Ukraine in the first reading is an important stage, but it is still far from the final. The text of the document needs to be finalized, and by the second reading it may change significantly. However, the very fact of the vote shows that the state is ready to move towards legalization and the creation of rules for the crypto market.

For investors, this is a signal to prepare for change. Some will use universal wallets like Best Wallet, others will look for technological solutions on the level of Bitcoin Hyper, and the most active will test tools for working with memecoins, such as Snorter. The law creates a framework, but the future depends on how quickly users and projects find their place in it.