Ukraine Advances Cryptocurrency Legalization Amid Taxation Uncertainty

According to PANews, Ukraine is progressing towards the legalization of cryptocurrencies, with lawmakers expected to vote on the bill in the coming months. However, there remains uncertainty regarding the taxation of digital assets. The country is considering setting cryptocurrency tax rates between 5% and 10%. Alternatively, officials are also contemplating a standard tax framework, which would impose an 18% income tax along with a 5% military tax, resulting in a total tax burden of 23% on crypto income. The final decision is still under discussion, with legislation anticipated to be completed by mid-2025.