On September 3, the parliament adopted in the first reading draft law №10225-d on the circulation of virtual assets. The document had been prepared for several years: initially, the idea was to create liberal conditions and a crypto hub 🌍 (similar to the USA), but in the end, the EU model was chosen — strict regulation based on the MiCA framework.

📊 Taxation

From January 1, 2026, profits from crypto transactions (income minus expenses) will be taxed.

• rate: 18% personal income tax + 1.5% military levy 💸

• old assets can be declared separately at a preferential rate of 5% ✅

• losses can be carried forward

• exempt:
  🔄 exchange of one asset for another
  💵 sales within 1 minimum wage per year
  🆓 tokens received from the issuer

⚠️ Issue: expenses must be documented 📑. Screenshots from exchanges or P2P receipts may not be recognized, and tax could be applied to the full sale amount 😬.

Investor Protection

The law divides crypto assets into three categories:

• asset-referenced tokens (e.g., WBTC or PAXG 🪙)

• e-money tokens 💳

• other tokens (defined by the regulator)

Protection measures:

• 🚫 ban on tokens linked to sanctioned persons, offshore companies, or opaque structures

• 📖 issuers must publish “white papers” with full information

• ⏳ retail investors may withdraw from a purchase within 10 days and get a refund

• 🔐 service providers must implement custody and protection rules against cyber threats and fraud

🔍 Financial Monitoring and Payments

Anonymity is disappearing:

• transfers over 45,000 UAH from an exchange to a personal wallet or vice versa require verification of the wallet owner

• providers will store data on senders and recipients 📑

Crypto payments in Ukraine are prohibited 🚫💱. However, e-money tokens (in UAH and issued by banks) may be used for payments like regular e-money 💳.

🏦 Regulator

The market regulator has not been finally determined. Option: temporarily the NBU, later — the NSSMC.

⚖️ Conclusion

Ukraine has entered the top 6 countries in the world by crypto adoption 📈 (16% of the population owned it in 2022). The income of international exchanges from Ukrainian clients is estimated at $343 million per year. Therefore, launching a regulated crypto market is a necessity.

👉 The draft law may change before the second reading, but it is already clear: Ukraine has chosen the European path — strict regulation for the sake of investor protection and financial stability.