What's Happening with the Legalization of Cryptocurrencies in Ukraine
19.06.2026
As of today, Ukraine’s crypto market still does not have a complete set of operating rules. The draft law on virtual assets has already passed its first reading, but final approval has been delayed, and the new regulations are not expected to take effect before 2027.
If the law is adopted in its final version, the market will receive clear rules governing circulation, taxation, and the operation of services that work with virtual assets.
Ukraine has long been one of the world’s most active crypto countries, but from a legal perspective, the market is still operating in a state of uncertainty. That is why cryptocurrency legalization has become more than just a news topic—it is now a real economic issue.
What is happening now
Draft Law No. 10225-d was approved at its first reading on September 3, 2025. A total of 246 members of parliament voted in favor, after which the document began to be revised for its second reading. In June 2026, the head of the National Securities and Stock Market Commission confirmed that the Commission would become the main regulator of the virtual asset market, while the National Bank of Ukraine would be responsible for electronic money tokens. The government also presented a digital transformation plan in which cryptocurrency legalization is identified as one of the key areas of economic development for the coming years.Key changes expected
Status
The document is being prepared for its second reading
Regulator
The NSSMC, and the NBU for stablecoins
Launch
Most likely from 2027
Taxes and regulations
| Situation | Proposed rules |
|---|---|
| Conversion to fiat during the first year | 5% personal income tax |
| From 2027 | 18% income tax + 5% military levy |
| Sole proprietors using the simplified tax system | Will not be allowed to trade cryptocurrencies |
| Stablecoins | Separate supervision and reserve requirements |
Why is it taking so long?
- • The basic law on virtual assets has existed since 2022, but it could not take effect without amendments to the Tax Code.
- • Authorities were unable for a long time to decide which body would become the market’s main regulator.
- • The text must be aligned with European approaches so that the rules are clear to both businesses and the government.
In simple terms, Ukraine has already acknowledged that cryptocurrencies are here to stay. The next step is to formalize this not only in words, but through rules that can actually be applied.
What this means for users
For ordinary cryptocurrency owners, this means moving from a grey market to a more transparent system. In the future, users will be able to legally buy and sell cryptocurrencies and declare their income if the law is adopted in its final version. It is already worth following the latest developments, because 2026 may become the year when the document finally changes the rules for exchanges, services, and everyone working with crypto assets.Cryptocurrency legalization in Ukraine is moving forward, but the final launch is still ahead. The most likely scenario is adoption by the end of 2026, with the new rules taking effect in 2027.