Ukraine's Parliament Backs Bill to Legalize, Tax Virtual Assets in First Reading

Ukraine's parliament backs bill to legalize, tax virtual assets in first reading

Ukraine has one of the world's highest rates of cryptocurrency ownership, with around 16% of the population holding crypto assets before Russia's full-scale invasion, comparable to the U.S.

Ukraine Moves to Legalize and Tax Cryptocurrencies with New Bill - Blockonomi

TLDR Ukraine’s parliament approved a bill to regulate and tax cryptocurrencies in the first reading. The bill includes an 18% tax on profits from virtual asset transactions. Investors who convert crypto to fiat within one year will benefit from a 5% tax rate. The National Bank of Ukraine will oversee the country’s crypto market regulation. A new regulatory body will be created to enforce crypto market oversight and compliance. Ukraine’s lawmake…

A Historic Leap Towards Digital Asset Regulation

The post A Historic Leap Towards Digital Asset Regulation appeared on BitcoinEthereumNews.com. Ukrainian Crypto Tax Bill: A Historic Leap Towards Digital Asset Regulation Skip to content Home Crypto News Ukrainian Crypto Tax Bill: A Historic Leap Towards Digital Asset Regulation Source: https://bitcoinworld.co.in/ukrainian-crypto-tax-bill/

Ukraine’s parliament backs crypto legalization, taxation bill in first reading

After a first reading, Ukraine’s parliament voted to support a bill that would legalize and tax cryptocurrencies, further legitimizing the industry.

Ukraine takes decisive steps to legalize crypto sector amid tax reforms - Coin Surges

Ukraine has begun formal steps to legalize the crypto industry, shifting from a largely unregulated market to one with a defined legal status. On Sept. 3, Ukrainian lawmaker Yaroslav Zhelezniak revealed that he and his colleagues approved a bill that legalizes and taxes the use of digital assets in the country. According to him, the draft bill introduces a tax framework that makes transactions subject to an 18% income levy and a 5% military cont…