Russia Speeds Up Cryptocurrencies to Wrap Up the War: To Be Completed This Year! - Coin Bulletin

Ukraine announced that it aims to speed up the process of legalizing cryptocurrencies and complete the regulatory framework by mid-2025.

Ukraine, while preparing to take an important step to regulate the cryptocurrency market within a legal framework, government officials announced that the tax rate will be between 5% and 10%.

The Ukrainian Parliament is preparing to vote on the long-awaited crypto currency law. According to local news reports, the first vote on the bill will be held by the end of March. While the completion of crypto regulations is aimed by mid-2025, new tax policies have also been discussed. It is stated that the state plans to use the revenues from the crypto market for budget and military expenditures.

Danil Hetmantsev, chairman of the finance, tax, and customs committee of the Ukrainian Parliament, said they expect the bill to pass its first vote at the end of March. If the process goes as planned, the law could come into effect by the middle of 2025.

However, Kiev City Council member and investment group “UNIVER” president Taras Kozak noted that the process could take longer. Kozak mentioned that the law could be passed within this year, but its full implementation may take until 2026.

Ukraine is accelerating cryptocurrency regulations to ease the economic burden of the ongoing war with Russia and to generate additional income by regulating the digital asset market. With the completion of the legalization process, the country will have a clearer legal framework for digital assets.