The Verkhovna Rada of Ukraine has taken an important step towards the formation of a civilized cryptocurrency market. In the first reading the draft law No. 10225-d was adopted, that establishes new rules for the virtual asset (VA) market and amends the Tax Code. The document also adapts Ukrainian legislation to the requirements of the EU regulation MiCA (Markets in Crypto-Assets Regulation), which sets standards for the cryptocurrency market in Europe.
Main provisions of Draft Law No. 10225-d
Market Regulator
The Cabinet of Ministers, in consultation with the NBU, will determine the regulator of the virtual asset market. This allows concentrating control in the National Bank, ensuring transparency and security of operations.
Authorization and admission of providers
Ukrainian and foreign cryptocurrency service providers must undergo an authorization procedure and register with the State Tax Service. The admission of tokens and exchanges to trading is regulated separately, which ensures the legitimacy and reliability of the market.
Cryptocurrency taxation in Ukraine 2025
- The standard personal income tax rate from 2026 is 18% plus a military fee of 5%, taking into account documented acquisition costs.
- In 2026, there will be a reduced rate of 5% without the need to confirm expenses, which may be beneficial for legal token sales.
- VAT - Tokens that are not tied to tangible assets are not subject to VAT.
Restrictions and prohibitions
- Diia.City residents are not allowed to conduct transactions with VA.
- Entrepreneurs on the simplified system (FOP on the EH) cannot work with cryptocurrencies or be service providers.
- It is still prohibited to exchange tokens for goods.
Reporting
Service providers must submit reports on their clients' transactions to the State Tax Service, which will allow the state to control the turnover of digital assets.
Opinion of Maira Consult experts
- The adoption of the draft law No. 10225-d will mark an important stage in the development of the cryptocurrency market in Ukraine. On the one hand, it will legalize cryptocurrencies, opening up new prospects for investors, exchange operators and legal service providers.
- Of particular note is the transitional year of 2026, when a preferential rate of 5% may become a profitable opportunity for those planning to legally sell their assets.
- At the same time, the issue of accounting for virtual assets is still open, and the Ministry of Finance is to provide final clarifications.
Ukraine is moving towards harmonizing the rules of the cryptocurrency market with European standards through the implementation of the MiCA. Businesses and investors should prepare for the new rules now: take into account tax rates, strict compliance and reporting.
Maira Consult lawyers are ready to provide comprehensive consultations on the regulation of virtual assets and cryptocurrency taxation in Ukraine 2025-2026, help with the authorization of providers and structuring of operations in Ukraine and the EU.
