Diia.City United welcomed the adoption in the first reading of draft law No. 10225-d on regulating the circulation of virtual assets and at the same time called for finalizing the document together with the market — primarily in terms of regulation and taxation.
Diia.City United welcomed the adoption in the first reading of draft law No. 10225-d on regulating the circulation of virtual assets and at the same time called for finalizing the document together with the market — primarily in terms of regulation and taxation.
Today, the Verkhovna Rada voted in the first reading to legalize the virtual asset market. The parliamentarians' decision was positively approved by the technology business union Diia.City United.
The draft law provides for the definition of virtual assets as movable property, introduces the concepts of tokens and NFTs, and also prescribes the rules of operation for providers and tax conditions. Among them are a preferential rate of 5% for individuals in 2026, the ability for companies to carry forward losses, and the elimination of double taxation when exchanging cryptocurrencies. The document also brings Ukrainian regulation closer to European MiCA standards, which allows creating legal conditions for the legal operation of large operators.
Diia.City United considers the adoption of the bill a good signal for the industry, but emphasizes that there is still a significant amount of work ahead. The association emphasizes that it is important to finalize the taxation mechanisms and clearly define the regulator in order to create a truly competitive environment. The association’s executive director, Natalia Mykolska, noted that «the regulation of virtual assets is a global trend that is being integrated into the financial systems of most countries.»
Volodymyr Nosov, a member of the Diia.City United Strategic Council and president of WhiteBIT Group, added that the decision opens a «window of opportunity» for the return of crypto assets and investments to Ukraine. At the same time, according to him, «Ukraine has a real chance of becoming a European crypto Mecca if it creates conditions that support business and attract investments.»
This is only the first reading: the final provisions of the bill will still be formed during the preparation for the second. It will be then that it will be determined who exactly will be the regulator, how the tax regime will work, and what requirements will be applied to crypto service providers. These decisions will determine whether Ukraine will become a truly attractive platform for the crypto industry, or whether businesses will continue to look for jurisdictions abroad.
Previously, dev.ua wrote about how Ukrainian officials declared crypto assets totaling UAH 786 million in 2,200 declarations submitted last year.
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