Ukraine's Bold Step: Proposing a 10% Tax on Crypto Holdings

Ukraine is taking a groundbreaking step in the digital asset world, proposing a 10% tax on cryptocurrency holdings. This move is not just about taxes; it’s a statement of intent to align with European Union standards, aiming at greater transparency and legal protection.

A Legislative Shift: Crypto Bill on the Horizon

By the end of August 2025, the Verkhovna Rada, Ukraine’s parliament, is set to consider a bill for comprehensive crypto regulation. This bill is crucial as it aims to protect owners, exchanges, and companies involved in the crypto space, marking a significant transition toward the integration of digital assets into Ukraine’s financial landscape.

Danylo Hetmantsev, chairman of the parliamentary committee on finance and taxes, emphasized the need for legal protection of crypto ownership. The proposed tax allows for the declaration of digital assets, reflecting a push for compliance and transparency in the industry.

Transparency at the Core: Why This Tax Matters

More than a financial mandate, this legislation aims to curb unlawful crypto activities by spotlighting wallet transparency and transaction scrutiny. With the inclusion of the EU Markets in Crypto-Assets (MiCA) regulation and the Financial Action Task Force (FATF) guidelines, Ukraine is setting a benchmark for monitored and regulated crypto activities in harmony with international norms.

Ukraine’s Central Bank Weighs In

The National Bank of Ukraine, led by Governor Andriy Pyshnyy, has made it clear that while digital assets will not be legal tender, they could soon join national reserves. This innovative approach signals Ukraine’s commitment to embracing cryptocurrency responsibly without endangering monetary stability.

Aligning with European Standards: The Bigger Picture

Ukraine’s crypto-friendly ecosystem has been evolving with high adoption rates and the legalization of exchanges since 2022. The upcoming bill is a crucial step in normalizing crypto within the economy, diminishing regulatory uncertainties, and encouraging responsible use.

While a 10% crypto tax might seem stringent, it’s a critical lever for compliance and economic integration, illustrating Ukraine’s ambition to adhere to broader European policies and best practices on the international stage.

According to Live Bitcoin News, this strategic proposal is poised to make Ukraine a leader in transparent and legal digital asset handling.