Ukraine has announced plans to legalize cryptocurrencies by the first quarter of 2025, marking a significant step in the global regulatory landscape. However, the move comes with a caveat: no tax exemptions will be provided for crypto transactions. This decision may dampen enthusiasm among investors and traders who were hoping for a more favorable tax regime. The lack of tax incentives could hinder the growth of the crypto market in Ukraine, reflecting a cautious approach by the government. As regulatory frameworks evolve, the global crypto industry faces increasing challenges and uncertainties.