The Ukrainian parliament passed the first reading of the "Crypto Assets legalization and taxation bill."

According to a TechFlow report on September 4, Cointelegraph reported that the Ukrainian parliament passed the first reading of the bill for the legalization and taxation of Crypto Assets on Wednesday with 246 votes. The bill proposes an 18% income tax on profits from Crypto Assets and a 5% military tax, along with a 5% preferential tax rate on fiat exchanges in the first year.

According to MP Yaroslav Zhelezniak, the bill aligns with the recommendations of Ukraine's financial regulatory body from April and exempts taxation on transactions between Crypto Assets and stablecoins. The specific candidates for the regulatory body have not yet been determined and could be the National Bank of Ukraine or the National Securities and Stock Market Commission.

According to reports, Ukraine ranks eighth in Chainalysis's 2025 Global Crypto Assets Adoption Index, performing outstandingly in retail and institutional centralized trading volume as well as in decentralized finance (DeFi) acceptance.

DEFI-3.14%
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