Ukraine plans to legalize cryptocurrency in the first quarter of 2025, but the possibility of tax exemption is slim.🇺🇦

A working group in the Ukrainian parliament is actively advancing relevant legislative proposals, which are expected to be ready after the New Year. Collaboration with the National Bank and the International Monetary Fund (IMF) demonstrates Ukraine's emphasis on cryptocurrency.

However, Danylo Hetmantsev, the chairman of the Finance, Tax, and Customs Policy Committee of Ukraine, stated that the tax policy for cryptocurrency will mimic that of securities, taxing profits when assets are converted into currency.💰

This cautious approach is primarily aimed at preventing cryptocurrency from becoming a tool for tax evasion and ensuring market stability.📊