Legalization of cryptocurrencies by 2025: Ukraine will enact laws to legalize cryptocurrencies by early 2025, ensuring clear frameworks for regulation and taxation. This step aims to stabilize the financial landscape and formalize the digital asset market.
Taxation and financial security: Profits from cryptocurrencies will be taxed upon conversion to fiat, similar to securities. This legislative move aligns with global practices, providing financial stability and addressing issues like tax evasion and money laundering.
Support for defense and humanitarian efforts: In 2023, cryptocurrencies contributed nearly 70 million USD to Ukraine’s defense amidst the Russia conflict. Legalization is seen as essential for financial security and facilitating cross-border transactions for citizens.