🔝Ukraine🇺🇦: Crypto Market Awaits Regulatory Bill with Anticipation

🔝Ukraine🇺🇦: Crypto Market Awaits Regulatory Bill with Anticipation

It will be reviewed by the Verkhovna Rada during the month of August.

➡️Why is it important? ❓The key is not just regulation (which is already underway), but providing legal protection to crypto market participants. This would allow the crypto community to earn income legally — and pay taxes accordingly.

➡️ Crypto holders will be allowed to declare their crypto assets once without being required to provide proof of the origin of funds. After this declaration, the assets will be automatically legalized upon payment of a 5% personal income tax and an additional 5% military levy.

➡️ This tax model (similar to the one applied to securities) follows a European approach, aiming at future integration.

Although the proposal sounds promising, members of the Rada acknowledge that it may not be well-received by everyone.

#news #EasternEurope #crypto

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