According to Danylo Hetmantsev, head of the Verkhovna Rada’s Finance Committee, the adoption of the bill on cryptocurrency regulation has been somewhat delayed, but he still expects it to happen quite soon.
According to Danylo Hetmantsev, head of the Verkhovna Rada’s Finance Committee, the adoption of the bill on cryptocurrency regulation has been somewhat delayed, but he still expects it to happen quite soon.
As Hetmantsev stated in an interview with Speka, the main discussions arose around the powers of regulators, but the regulation of the cryptocurrency market will be handled primarily by the National Securities and Stock Market Commission.
«This is fully consistent with the European MiCA directive and Western practice. I expect that the bill will be in the chamber soon,» he speculated.
He also promised that not turnover will be taxed, but only profits from cryptocurrency, that is, the net difference between income and expenses for acquiring a crypto asset.
«The rate will be normal, the same procedure as for securities. In addition, we will provide for a transition period of one year so that people can painlessly declare those crypto assets that they already had before the adoption of the law,» Hetmantsev assured.
He added that even without regulation of the cryptocurrency market, Ukraine is one of the most active countries in Europe in terms of using cryptocurrency, but the introduction of regulation, in his opinion, will further facilitate this process.
«We have every opportunity to become a powerful crypto hub. Even though cryptocurrency has not yet been legalized in our country, Ukraine demonstrates unique indicators. We are one of the most active crypto asset markets in Europe. In terms of transaction volumes, Ukraine ranks fourth in Europe (after the Russian Federation, Great Britain, and Germany). And in terms of the general crypto adaptation index adjusted for the population and the use of centralized services, we are in first place,» Getmantsev described the situation.
He also noted that the new law is not intended to «tighten the screws», but to give the market the opportunity to exist within the legal framework and protect the rights of cryptocurrency owners.
Meanwhile, Ukrainian officials themselves have already declared cryptocurrencies worth over UAH 2 billion in 2025.
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