Ukraine legalizes cryptocurrency: up to 10 billion UAH annually to the budget.

The draft law on regulating the cryptocurrency market, which the Verkhovna Rada of Ukraine plans to consider, provides for granting legal status to virtual assets and tax benefits for their voluntary legalization. The document will also allow the state to receive up to 10 billion UAH in annual revenues.

Deputy Oleksiy Leonov from the 'Servant of the People' party spoke about this during the Morning.LIVE broadcast.

Benefits of Legalizing the Cryptocurrency Market

According to the deputy, Ukraine is fifth in the world in terms of the number of crypto assets, but the entire market is essentially in the shadows. Given this, even in wartime, the authorities are obliged to establish control.

'Today, we are fifth in the world in terms of the number of crypto assets. And considering that the financial situation in the country, let's say, is not the best, having the fifth largest number of crypto assets in the world is a serious figure...'

According to his calculations, the revenues that the country's budget will receive will change significantly. Citizens will also have the opportunity to make official calculations or pay taxes. The relevant committee has provided for a benefit of at least 1.5 years for the possibility of legalizing the corresponding assets.

'That is, there are calculations — up to 10 billion UAH per year this should bring us. As for legalization, of course, this is a very important issue, because today we see that almost the entire shadow market, any shadow calculations that people do not want to show or somehow bypass the National Bank of Ukraine and not pay taxes, they do through these crypto assets...'

What is Known About the Draft Law on the Cryptocurrency Market

In the spring of 2025, the Verkhovna Rada Committee on Finance, Taxation, and Customs Policy supported draft law No. 10225-1 on regulating the circulation of virtual assets in Ukraine.

One of the key points of the project is the mechanism for the voluntary legalization of previously purchased digital assets. According to the provisions of the document, citizens will have the opportunity to declare cryptocurrency, paying a one-time tax of 5% on personal income and 5% military tax. Subsequently, the assets will be automatically recognized as legally acquired.

In Ukraine, it is planned to regulate the cryptocurrency market by granting legal status to virtual assets and implementing tax benefits for their legalization. This will allow the state to receive additional revenues, and citizens to use cryptocurrencies officially and pay taxes.