Ukraine is set to consider a bill regulating the cryptocurrency market in late August 2025, aiming to legalize crypto holdings with a 5% tax and establish a regulatory framework aligned with international standards while maintaining strict restrictions on crypto as a means of payment.
The National Bank of Ukraine (NBU) remains firm that cryptocurrencies cannot be recognized as authorized currency or be used as a means of payment in Ukraine, describing this as a "red line" to protect monetary policy and financial stability.
The bill is part of efforts to formalize the crypto market, including licensing, oversight, and taxation, following Ukraine's 2022 Virtual Assets law foundation but delayed implementation. The new legislation is expected to be more comprehensive, meeting multiple regulatory standards.
The NBU is considering the possibility for discretional inclusion of cryptocurrencies like Bitcoin in national reserves, though the decision would be carefully controlled and optional.
Lawmakers plan to address tax code amendments and designate proper regulatory authorities to supervise the crypto sector effectively.
The initiative reflects Ukraine’s experience during wartime when cryptocurrencies were used extensively for donations, highlighting the need to integrate crypto securely into the financial system without undermining the monetary controls.
This upcoming bill aligns Ukraine with global crypto regulatory trends while preserving the national currency’s dominance and financial system integrity. It signals progress toward regulated crypto use and ensuring consumer protection and AML compliance.
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