Ukraine is widely considered a crypto-friendly country because of its high global adoption rates and government support. In 2022, President Zelensky signed the virtual assets bill into law, creating a legal foundation for the crypto market.
As of 2025, the government is actively working to develop the cryptocurrency regulatory framework with new laws to evolve digital assets with the help of a high-tech, savvy population. Ukraine does not treat crypto as legal tender, but it permits ownership, trading, and private transactions.
August 5, 2025 – Crypto Bill
July 7, 2025- Sanctions of Crypto Firms Linked to Russia
June 10, 2025- Bill 13356
May 2025- National Bitcoin Reserve
April 22, 2025- Draft Law Regulating Virtual Assets
April 10, 2025- Crypto Tax
April 8, 2025- Proposal of Crypto Tax
Aligning with the European Union’s (EU) Market in Crypto Assets (MiCA), the Ukrainian government is creating bills to enhance transparency in the crypto market. As the lawmakers of the country have suggested, the launch of virtual assets will accelerate budget revenue that can help protect investors. Apart from that, the government is largely focusing on creating a Bitcoin reserve strategy with the help of Binance.
“Proper management of crypto reserves will help strengthen macroeconomic stability and create new opportunities for the development of the digital economy,” stated Yaroslav Zhelezniak, Ukrainian Member of Parliament.
Key Regulatory Authorities in Ukraine:
Only crypto-to-fiat or using crypto to pay for goods and services are taxable up to a tax rate of 23%. While mining, staking, hard forks, and airdrops are taxed as personal income when converted to fiat currency.
Summary of crypto tax in Ukraine 2025:
Taxable Event | Tax Rate | Additional Levy |
Conversion of crypto to fiat | 18% personal income tax | 0% (generally) |
Crypto-to-crypto exchanges | 0% | NA |
Preferential rates (select cases) | 5% or 9% | Unclear |
Mining, staking, airdrops, hardforks | 18% + 5% | Unclear |
Corporate income from crypto | Standard CIT rate | Unclear |
VAT on crypto transactions | 0% (generally) | NA |
Currently, there is no specific license for crypto in Ukraine; the authorities are actively collaborating to implement a crypto license for safer businesses. The draft “On Virtual Asset Markets” is under development to form a crypto asset service provider (CASP) license.
As of 2025, Ukraine is one of the top countries in crypto holdings. Currently, the Ukrainian government holds around 46,351 Bitcoins, worth approximately $4.9 billion. The accumulation source for these asset holdings is reported to be from donations for supporting defence and humanitarian initiatives amid the Ukraine-Russia war.
The government of Ukraine has proposed some pro-crypto regulations in 2025 to enhance investors’ protection while enhancing innovation. It proposed a regulatory sandbox for startups to test blockchain projects and has initiated flexible regulations for IT and crypto companies. Ukraine has made great progress in digital assets despite the ongoing war and is poised to evolve it even further.
Yes, Ukraine is widely considered a crypto-friendly country, known for its high global adoption rates and government support. President Zelensky signed a virtual assets bill into law in 2022, providing a legal foundation for the crypto market. While crypto isn’t legal tender, ownership, trading, and private transactions are permitted.
As of 2025, Ukraine’s proposed crypto tax mainly applies to crypto-to-fiat conversions or using crypto for goods/services, with an 18% personal income tax plus a 5% wartime levy (total 23%). Crypto-to-crypto exchanges are generally not taxed. Mining, staking, airdrops, and hard forks are taxed as personal income when converted to fiat.
Several government bodies are involved in Ukraine’s crypto landscape. The National Securities and Stock Market Commission of Ukraine (NSSMC) is the main body focusing on issuing crypto licenses and developing regulatory policy. The National Bank of Ukraine (NBU) handles digital assets with currency-like functions and monitors financial stability. Additionally, the Ministry of Digital Transformation coordinates digital innovation and crypto development.
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