The Verkhovna Rada Committee on Finance, Taxation and Customs Policy supported the draft law on the regulation of virtual assets at its meeting on April 24. This was announced by the first deputy chairman of the committee, Yaroslav Zheleznyak, reports UNN.
"Our Committee supported the revised draft law on the regulation and taxation of virtual assets for the first reading. For - 25, unanimously," Zheleznyak wrote on Telegram.
According to him, a preferential taxation period for 2026 is expected at the level of 5%.
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Minister of Finance Denys Uliutin said during the meeting that the Ministry of Finance has a number of comments on the draft law, which provides for a systemic regulation of the circulation of cryptoassets in Ukraine, but supports it.
"Indeed, the law introduces changes to three key laws: the Tax Code, the Law on Virtual Assets and the Law on Prevention and Counteraction to Legalization further in the text. Regulations are introduced on income tax, rates are set for personal income tax, VAT, and single tax. A new version of the law on virtual asset markets also harmonizes the terms with the EU directive, 15 FATF recommendations, and introduces authorization for supervision of service delivery. That is, all these things that are very, very important. Indeed, the Ministry of Finance has some comments, but I think that we will work everything out by the second reading... In general, we support this draft law," Uliutin said.
Deputy Head of the NBU Oleksiy Shaban pointed out at the meeting that the National Bank of Ukraine supports the new draft law on the regulation of cryptoasset circulation, but has a number of comments. According to Shaban, the National Bank insists on clarifying its powers in the field of authorization procedures, establishing operational and prudential requirements for virtual asset providers.
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Fintech expert and co-founder of the first fintech ecosystem in Ukraine, Concord Fintech Solutions, Olena Sosiedka, commented to UNN noted that the legalization of cryptocurrencies in Ukraine will bring systemic changes to the digital asset market. According to her, the reform will be based on the European model with the division of powers between the NBU and the NSSMC. This will bring order to the field of cryptocurrencies, where chaos currently reigns. Companies working with digital assets will be required to obtain licenses, disclose owners and undergo financial monitoring.
The rules for ordinary crypto users will also change. In particular, they will need to declare crypto assets, pay taxes and undergo verification. In return, the state will guarantee greater protection of their rights.
In the future, Olena Sosiedka predicts an increase in the number of licensed companies, a reduction in the shadow segment of digital assets and an intensification of the work of Ukrainian banks to create new interesting digital products. The fintech expert is convinced that Ukraine now has a real chance to become a pioneer in the introduction of the hryvnia stablecoin and lay the foundation for a civilized crypto market that will be beneficial to both business and the state and citizens.
Let us remind you
The Chairman of the National Securities and Stock Market Commission, Ruslan Magomedov, said in a comment to the UNN correspondent that Ukraine is preparing a draft law to legalize virtual assets, which is based on the European MiCA directive. The NSSMC and the NBU are working on the document to protect investors.
First Deputy Head of the NBU Kateryna Rozhkova stated that the draft law on virtual assets in Ukraine with the distribution of regulators' powers will be prepared by October 2025 with the involvement of technical assistance from international partners, which will be based on the European MiCA directive.