The Verkhovna Rada supported in the first reading draft law No. 10225-d, which legalises virtual assets in Ukraine. This document forms the legal framework for the development of the modern financial market and digital economy.
This was stated by People's Deputy, Chairman of the Committee on Finance, Tax and Customs Policy Danylo Hetmantsev.
"The document establishes the legal regime for cryptocurrencies and virtual assets, defines the specifics of ownership rights, the specifics of the circulation of crypto assets, and defines the specifics of the legal status of crypto exchanges and other entities engaged in the purchase and storage of crypto assets. The second part of the bill concerns taxation. We propose to tax crypto assets using the same logic that is currently used to tax securities, i.e. to tax profits from transactions with crypto assets during the year," the politician said.
He added that in the event of losses, taxation is carried over to subsequent periods.
"It is important to understand that draft law No. 10225-d was developed based on the MiCA regulation, which is a European Union regulation. We have used the experience of developed countries around the world – the United States, Japan, the United Kingdom – where crypto assets are legalised. The document provides for a one-year transition period during which a person can sell their crypto assets and pay a one-time fee of 10% of the amount, excluding expenses," said the MP.
According to him, in general, the standard tax rate will apply to transactions with crypto assets, and there will be no differences in this case, except for income taxation.