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It seems that the Ukrainian authorities have decided to seriously tackle the regulation of cryptocurrencies, which means taxes. Here's a quick breakdown of what to expect.
Firstly, the law "On Virtual Assets", although adopted, is still not functioning due to the lack of relevant changes in the Tax Code. But changes are already underway, and the government is determined to strictly adapt the Ukrainian crypto market to European standards, focusing on the MiCA (Markets in Crypto-Assets) regulation, which introduces uniform rules for the crypto market in the EU. This means that everything is moving towards European integration, where crypto-assets will become part of strict financial controls and reporting.
It seems that the Ukrainian authorities have decided to seriously tackle the regulation of cryptocurrencies, which means taxes. Here's a quick breakdown of what to expect.
Firstly, the law "On Virtual Assets", although adopted, is still not functioning due to the lack of relevant changes in the Tax Code. But changes are already underway, and the government is determined to strictly adapt the Ukrainian crypto market to European standards, focusing on the MiCA (Markets in Crypto-Assets) regulation, which introduces uniform rules for the crypto market in the EU. This means that everything is moving towards European integration, where crypto-assets will become part of strict financial controls and reporting.
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