Ukraine's parliament is set to discuss a new bill regulating the crypto market by the end of August 2025. This legislation aims to provide a legal framework for digital assets that aligns with European standards. Danylo Hetmantsev, head of the parliamentary finance committee, stated that the draft law on taxing virtual asset transactions is in its final stages. Key features include allowing individuals to legalize previously acquired digital assets by paying a 5% personal income tax and a 5% military duty. Previous attempts at crypto regulation in Ukraine have faced delays, but there have been recent efforts to tax crypto trading similar to securities. Additionally, a bill introduced in June proposes allowing the National Bank of Ukraine to hold Bitcoin in its reserves, positioning Ukraine among few jurisdictions with a formal crypto reserve. Currently, Ukraine holds significant Bitcoin assets, valued at around $5.4 billion. The country has witnessed substantial crypto activity, receiving $499 billion in crypto flows between July 2023 and June 2024.

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