Ukraine supports bill on regulating crypto assets

After the first reading, the document will be prepared for substantial revision

Ukraine’s Verkhovna Rada has approved a bill on cryptocurrencies

03.09.2025 - 11:05

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2 min

Key points:

Ukraine’s Verkhovna Rada has supported the bill “On Virtual Assets Markets.”
The document defines the legal status of crypto assets and the rules for their regulation.

On September 3, 2025, the Verkhovna Rada of Ukraine supported the bill “On Virtual Assets Markets” in its first reading. This was announced by People’s Deputy Yaroslav Zheleznyak.

The document was voted for by 246 deputies, one voted against, and 31 abstained. According to Zheleznyak, the question of who will become the main regulator of the crypto market remains open, and the bill itself is awaiting revision.

Structure of the document

The initiative introduces basic rules for the industry: it establishes terminology, sets requirements for service providers, and brings Ukrainian legislation closer to the European Markets in Crypto-Assets (MiCA) regulation.

A separate section deals with taxation:

citizens’ income from cryptocurrency transactions will be subject to 18% personal income tax and military tax;
until the end of 2026, crypto asset owners will continue to enjoy a preferential personal income tax rate of 5%.

The following will not be taxed:

income from transactions involving the exchange of one cryptocurrency for another;
income from the sale of cryptocurrency, if it does not exceed the minimum wage;
the value of virtual assets received as a result of their issuance, in exchange for personal data or free of charge.

After the first reading of the bill on crypto assets, deputies are preparing for its substantial revision, which, according to parliamentarians, may take a long time. Zheleznyak stressed that by the second reading, the document may well change in a number of key provisions.

It should be recalled that back in November 2023, a bill on the taxation of cryptocurrency profits was submitted to the Verkhovna Rada of Ukraine. According to the document, the single tax rate is 19,5% — the same tax applies to income from economic activities.

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