The Verkhovna Rada Committee on Finance, Tax and Customs Policy supported draft law №10225‑д on virtual assets; the document must pass a second reading in parliament more than a year after the first. Cryptocurrencies are highly volatile.
Asset categories and regulators
The bill defines three categories of virtual assets. There are ongoing discussions about the powers of the future regulators — the National Bank of Ukraine (NBU) and the National Commission on Securities and the Stock Market —.
The initiative is intended to regulate the cryptocurrency market used by both ordinary citizens and members of parliament. The main provisions of the bill are unlikely to change further.
Trading rules and market participants
Individuals and legal entities will be able to buy and sell cryptocurrency. Individual entrepreneurs (FOPs) in groups one to three are required to transact in cryptoassets only as ordinary individuals, with the corresponding taxes payable when they sell.
Legal entities will be able to establish cryptocurrency exchanges and issue their own tokens, but authorisation will be required to provide services related to the circulation of virtual assets. Individuals will be permitted to mine only for their own needs and with already existing tokens, without creating a new public offering.
Taxation of individuals and legal entities
Individuals and legal entities must independently keep records of cryptocurrency transactions for the reporting period. For individuals the bill provides for taxation only on the net profit from the sale of cryptocurrency; rates will be:
A different accounting procedure is envisaged for legal entities’ financial results from cryptocurrency operations. Losses may be carried forward to subsequent periods until fully offset, while profits will be added to the company’s overall financial result and taxed at the standard rate.
Tax amnesty for existing assets
The bill allows individuals to legalise virtual assets acquired before it comes into force without proving the origin of the funds or assets, provided they pay a contribution of 5% of their value. If an owner declines such legalisation, the assets will be taxed as ordinary income at a rate of 18%.
Old cryptocurrency holdings may be declared only when submitting data for the 2026 reporting year — this opportunity will be one‑off.
