Getmantsev: Legalization of cryptocurrencies in Ukraine is planned to be completed within two months

In recent years, Ukraine has been actively working to legalize cryptocurrencies and create a legal framework for their use. Danylo Hetmantsev, Chairman of the Verkhovna Rada Committee on Finance, Tax, and Customs Policy, announced at the GET Business Festival 2025 that the process of legalizing and taxing cryptocurrencies should be completed in early 2026.

Reasons for the Delay

Hetmantsev noted that the bill's adoption has been delayed due to its complexity. "We want to do this within two months. I thought we'd finish it by the end of this year, but that's not happening. It's a truly complex document," he said. This underscores the importance of carefully reviewing all aspects of the legislation to ensure its effectiveness and compliance with modern market requirements.

Bill on Virtual Assets

This refers to the bill on virtual assets, which was supported by the Committee on Finance, Tax, and Customs Policy in April 2025. In September, the Verkhovna Rada adopted the bill in its first reading. The bill provides for taxation of profits from cryptocurrency transactions for individuals at a rate of 18% plus a 5% military tax. During the first year of the law's implementation, a preferential regime is provided, allowing for the payment of only 5% tax without the need to prove asset acquisition expenses.

For legal entities, the general corporate income tax rate of 18% remains. This creates a more predictable and stable tax environment for businesses involved in cryptocurrency.

Next Steps

The bill is currently being prepared for its second reading. Member of Parliament Yaroslav Zheleznyak reported that more than 2,500 amendments have been submitted to the document and predicts that the revision process will take another 2-3 months. Igor Yasko, managing partner of the law firm Winner, noted that formally, at least 14 days should pass between the first and second readings, but in practice, this period could last from 1.5 to 6 months.

Getmantsev previously stated that legislators would aim to submit the bill for a second reading by the end of 2025. He also announced a broader discussion on cryptocurrency regulation, demonstrating the Ukrainian authorities' commitment to creating a transparent and secure environment for crypto market participants.

In Conclusion

Thus, the legalization of cryptocurrencies in Ukraine is in its final stages, and the authorities are striving to create a legal framework that will facilitate the development of this sector. Successful completion of the legalization and taxation of cryptocurrencies could open up new opportunities for investment and business in the country and increase trust among international partners.