💪 Ukraine 🇺🇦: cryptocurrency legalization expected in Q1 2025

💪 Ukraine 🇺🇦: cryptocurrency legalization expected in Q1 2025

The cryptocurrency legislation is being developed through collaboration between the National Bank of Ukraine and the IMF. If deadlines are met, the legalization will coincide with the implementation of the European regulatory framework MiCA.

➡️ The regulator has explicitly stated that no tax exemptions will be provided for cryptocurrencies. Profits derived from crypto assets will be taxed upon conversion to fiat, mirroring the approach used for traditional securities.

➡️ Key Insight: Eastern Europe ranks 4th globally in cryptocurrency markets, accounting for 11% of global activity. It also holds the 6th position in terms of cryptocurrency adoption worldwide.

➡️ Meanwhile, several EU countries face significant delays in implementing the MiCA framework, including Belgium 🇧🇪, Italy 🇮🇹, Poland 🇵🇱, Portugal 🇵🇹, Luxembourg 🇱🇺, and Romania 🇷🇴.

In this context, Ukraine seems poised to take the lead in the region, making steady progress towards establishing a clear and robust legal framework for cryptocurrencies.

#news #EasternEurope #crypto #Europe

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