According to a report by Golden Finance and the Ukrainian Truth newspaper, cryptocurrency is expected to be legalized in Ukraine by the first quarter of 2025, but tax exemptions are unlikely to be provided. Danylo Hetmantsev, Chairman of the Parliamentary Committee on Finance, Taxation and Customs Policy, stated, 'Regarding cryptocurrency, the parliamentary working group is completing the first reading of a draft law. I believe the text, developed in cooperation with the National Bank and the International Monetary Fund (IMF), will be ready after the New Year. Our goal is to legalize cryptocurrency through this law and achieve that by the first quarter of 2025.' Hetmantsev mentioned that cryptocurrency will not be tax-exempt, and the form of taxation will resemble that of securities, taxing profits when assets are converted into currency. 'After consulting with European experts and the IMF, we have taken a very cautious approach to tax exemptions for cryptocurrency, as this could exacerbate tax evasion in traditional markets,' he said.
