Ukrainian Parliament passes crypto assets bill in first reading

On September 3, 2025, the Verkhovna Rada of Ukraine approved the crypto assets regulation bill in its first reading. According to MP Yaroslav Zheleznyak, 246 deputies supported the measure, one voted against, and more than 30 abstained.

Zheleznyak noted that lawmakers have not yet decided which body will serve as the industry regulator. He also confirmed that the draft will undergo significant revisions before the second reading.

The bill establishes basic regulatory norms, defines key terms and requirements for service providers, and brings Ukrainian legislation closer to the European MiCA regulation.

It also sets tax rules: personal income from crypto transactions will be subject to an 18% tax plus a military levy. For the first year, however, a preferential 5% rate will apply.

Back in April 2025, the bill received unanimous support from the parliamentary finance committee. Later, however, it was withdrawn from the agenda at the initiative of the Presidential Office due to opposition from the National Securities and Stock Market Commission.