A draft law on virtual assets will be submitted to the Verkhovna Rada Committee on Finance, Tax and Customs Policy for consideration on April 24. The document, which contains over 200 pages, combines all the main issues related to crypto assets: regulation of circulation, status of regulators, taxation.
A draft law on virtual assets will be submitted to the Verkhovna Rada Committee on Finance, Tax and Customs Policy for consideration on April 24. The document, which contains over 200 pages, combines all the main issues related to crypto assets: regulation of circulation, status of regulators, taxation.
This was announced by the head of the Finance Committee of the Verkhovna Rada, Danylo Hetmantsev. The MP also announced the points of the draft law that relate to taxation and the transition period.
According to Getmantsev, the taxation clause proposes the simplest and most understandable model - taxation of profits. That is, the difference between what the owner of a crypto-asset spent on the purchase of crypto-assets during the reporting annual tax period and the income he received from the sale of these assets is taxed.
The second announced point concerns the transition period . The bill provides that within a year a person can sell and declare their income from crypto assets at a rate of 5% without confirming the costs of their acquisition in the past.
In February, Hetmantsev reported that the first reading of the bill on the legalization of cryptocurrency should take place in the first quarter, and the second - immediately after the first vote in the Rada. At the same time, he added that there will be no preferential taxation for cryptocurrencies.
Earlier this month, the first deputy head of the National Bank of Ukraine, Kateryna Rozhkova, said that a law on virtual assets in Ukraine should be ready by October 2025 , which will be based on the European directive Markets in Crypto-Assets (MiCA). At the same time, Rozhkova said in January that the National Bank of Ukraine does not plan to legalize cryptocurrency as a means of payment . She noted that Ukraine adheres to the position of the International Monetary Fund, which has repeatedly opposed the recognition of cryptocurrency as a legal means of payment.
Earlier, two draft laws were registered in the Verkhovna Rada to regulate the circulation of virtual assets - from the Ministry of Digital Economy and Finance and the National Securities and Stock Market Commission (NSSMC). Both draft laws are based on the MiCA directive, but differ in issues regarding the classification and taxation of cryptocurrency transactions.
Recall that in December, the EU adopted the MiCA (Markets in Crypto-Assets) regulation , designed to regulate the circulation of cryptocurrencies. It contains about 35 different powers regarding acts, regulations and implementing technical standards.
