- Proposed crypto tax split into income and military components.
- The bill brings the crypto legislation of Ukraine up to EU standards.
- The key missions are transparency and protection under the law.
Ukraine is about to shake its crypto industry by creating a brand new tax on crypto assets. The government will tax digital assets at 10 percent, of which half will be subjected to personal income tax and the remainder to military levy. The move is an effort to incorporate crypto regulation into the European Union and make the country more transparent in its market.
Crypto Bill Set for August: What’s Next for Ukraine?
By the end of August 2025, the Verkhovna Rada, the Ukrainian parliament, will consider a bill of comprehensive crypto regulation. The bill is aimed at protecting the crypto owners, exchanges, and companies legally. It is also an indication of a significant move toward the adoption of digital assets into the conventional financial system of Ukraine.
The objective was stated by Danylo Hetmantsev, who chairs the parliamentary committee on finance and taxes: “We need to give the market legal protection. The state should understand the ownership of crypto and provide rights protection to the owners”.
The proposed tax regimen allows owners to declare their crypto assets, which is in response to compliance and higher transparency in the industry. The 10 percent tax consists of a 5 percent personal income tax and a 5 percent military contribution, which is the particular fiscal picture of Ukraine in terms of continuous security issues.
Why This Tax Matters: Transparency and Compliance
This legislation is more than a tax measure. It aims at minimizing unlawful crypto activity by increasing the transparency of wallets and transactions. Governments have emphasized that the digital assets will, in the future, experience increased surveillance to check on tax compliance. Ukraine moves toward removing crypto transaction obfuscation and expanding regulatory supervision.
In addition, this draft bill will meet international frameworks such as the EU Markets in Crypto-Assets (MiCA) regulation or the Financial Action Task Force (FATF) recommendations. The purpose is obvious: there must be a legal understanding of digital assets that will not make financial surveillance systems unstable.
National Bank of Ukraine Weighs Digital Assets
Interestingly, the Governor of the National Bank of Ukraine, Andriy Pyshnyy, stated that regulators will not grant cryptocurrencies the status of legal tender but will regulate digital assets. The NBU is even considering adding cryptocurrencies to the national reserves, a practice rarely seen worldwide. Ukraine is taking an innovative approach to implementing cryptocurrency without putting monetary stability at risk, as this highlights.
The Bigger Picture on Ukraine’s Crypto Stance
Ukraine is characterized by a relatively crypto-friendly climate, which allows supporting the high adoption rates and legalizing crypto exchanges since 2022. Lawmakers will propose the bill as an important step toward normalizing crypto in the economy, reducing regulatory uncertainty, and fostering responsible use.
Although the tax policy may appear to be harsh, it is an important compliance and economic integration lever. Such a 10 percent crypto tax indicates the intentions of Ukraine to follow broader European policies and international best practices and establish a precedent of transparent and legal treatment of digital assets.
