Hetmantsev: The Council plans to adopt a law on cryptoassets already in August

Ukraine can get the first full-fledged rules for the operation of the crypto market

The Verkhovna Rada plans to adopt a law on virtual assets in August, which should finally regulate the cryptocurrency market in Ukraine. This was announced by the head of the Parliamentary Committee on Finance, Tax and Customs Policy, Danylo Hetmantsev.

According to him, the document is already ready for consideration and is included in the list of key draft laws that the parliament should adopt in the near future. If the deputies support the initiative, Ukraine will for the first time receive a full-fledged legislative framework for the operation of the crypto-assets market.

What rules are offered for investors and businesses

The draft law defines the procedure for taxation of operations with crypto-assets for both individuals and legal entities.

Citizens are offered to pay the tax only on the profit received — that is, on the difference between the cost of buying and selling assets. At the same time, a transitional period is provided: if the cryptocurrency was purchased before the law came into force and sold during 2026, a preferential personal income tax rate of 5% will apply.

Also, the draft law exempts from taxation the exchange of some crypto-assets for others and small transactions, the amount of which does not exceed the established limit.

For companies, the document introduces separate accounting rules for operations with digital assets. In addition, most of the operations of issuance, sale and exchange of crypto-assets will not be subject to VAT. The exception will be NFTs and tokens confirming the right to receive goods or services.

Exchanges will receive new duties

A separate block of the draft law concerns companies operating on the crypto market. Exchanges, crypto exchanges and other providers of relevant services will have to register with the tax authorities and regularly submit information about the transactions of Ukrainian clients.

The document also provides that such companies will not be able to work on a simplified taxation system. A similar restriction is proposed to be introduced for entrepreneurs who are single tax payers and carry out transactions with crypto-assets.

What other legislative changes are being prepared

According to Hetmantsev, the law on virtual assets is only one of several important documents that the parliament plans to consider before the end of the year. Among the priorities are also the new Customs Code, legislation on the taxation of international postal shipments, the development of non-state pension funds, asset securitization and incentives for private investors.

What does this mean

Adoption of the law will be one of the most important steps for the legalization of the crypto market in Ukraine. It should define clear taxation rules, establish requirements for the operation of crypto exchanges, and ensure state control over the market, which until now has largely operated without a clear legal framework. For investors, this will mean more certainty regarding taxation, and for businesses, the opportunity to work under transparent rules, if the law is indeed adopted in the stated terms.