Ukraine’s Parliament Set to Pass Virtual Assets Law in August: Key Changes Ahead.

Ukraine’s Draft Law on Virtual Assets

According to Мінфін — Крипто/Фінанси: Ukraine’s parliament, the Verkhovna Rada, is expected to approve a draft law on virtual assets in August 2026. This legislation aims to regulate the country’s crypto market, marking a significant step for the development of Ukraine’s financial ecosystem. Danylo Hetmantsev, head of the parliamentary Committee on Finance, Tax, and Customs Policy, underscored the importance of the bill, stating:

“This is a very important draft law that is already prepared, concerning virtual assets. We must pass this document in August.” - Danylo Hetmantsev

The bill introduces new tax rules for both individuals and legal entities:

• For individuals, a reduced personal income tax rate of 5% on virtual asset gains will apply throughout 2026. This could encourage investment in crypto assets and facilitate their legalization in Ukraine.
• The draft law also includes restrictions, such as a ban on single tax payers conducting transactions involving virtual assets.

Additionally, lawmakers plan to adopt a new Customs Code and legislation on updated tax rules for international shipments by the end of 2026. These changes could significantly impact the virtual asset market by creating a more transparent and regulated legal framework for market participants.

Outlook for the Financial Landscape

Passing the virtual assets bill would represent a landmark moment for Ukraine, as regulating this sector could not only legalize crypto assets but also attract foreign investment, fostering the growth of new technologies and innovation in the economy. Moreover, the new tax rules may reshape investment approaches to digital assets, influencing financial strategies for both individuals and businesses. In this way, the draft law has the potential to substantially transform Ukraine’s financial landscape in the coming years.