TechFlow news, September 4 — According to Cointelegraph, Ukraine's parliament passed the first reading of a bill legalizing and taxing cryptocurrency on Wednesday, with 246 votes in favor. The bill proposes an 18% income tax and a 5% military tax on cryptocurrency profits, along with a preferential 5% tax rate for fiat conversions during the first year.
According to lawmaker Yaroslav Zhelezniak, the bill aligns with recommendations made by Ukraine’s financial regulators in April and exempts taxation on transactions between cryptocurrencies and stablecoins. The specific regulatory authority has not yet been determined—it could be either the National Bank of Ukraine or the National Securities and Stock Market Commission.
The report notes that Ukraine ranks eighth in Chainalysis’ 2025 Global Cryptocurrency Adoption Index, standing out in retail and institutional centralized exchange volumes as well as decentralized finance (DeFi) adoption.
