Ukraine's regulators plan to slap an 18% tax on #crypto gains starting in 2024!
The National Commission for Securities and the Stock Market is pushing for this new law, which will be up for a vote in the fall.
👉 #Crypto exchanges and brokerages would also need operating permits issued by the commission.
2. The proposed tax rate doesn't apply to everyone.
👉 Military servicepeople get off easy with just a 1.5% tax.
3. Ukraine's #crypto community is split over this tax bombshell.
👉 Some fear that an 18% tax will scare away investors and even lead to an exodus of companies!
4. Mykhailo Chobanyan, the founder of Kuna #crypto exchange, warns that Kyiv should pump the brakes and think this through!
👉 Maybe they should figure out the "why, how, and when" before hastily implementing regulations.
5. The central bank wants regulations that protect consumers' interests and ensure financial stability. Sounds reasonable, right?
👉 Well, they also want to tackle the dreaded "crypto-powered corruption."
6. Kyiv is striving to align its #crypto regulations with the EU's Markets in Crypto-Assets (MiCA) legislation.
7. Let's face it: Ukraine's #crypto landscape is about to witness a seismic shift.
👉 Will the government's 18% tax plan propel the nation to new heights or lead to a catastrophic collapse?
