Legalization of Crypto Assets at 5%: Who Will Have Access to the Preferential Rate

According to hvylya.net: The Committee of the Verkhovna Rada on Finance, Taxation, and Customs Policy will consider the draft law on virtual assets on Thursday, April 24. This was announced by the committee chairman Danilo Hetmantsev. The draft law covers all aspects of the functioning of crypto assets in Ukraine, including regulation, the status of regulators, and taxation. The draft law proposes taxation on the difference between the costs of acquiring crypto assets and the revenues from their sale. In addition, a transitional period is provided during which owners of virtual assets can legalize their savings. To sell crypto assets at the preferential rate of 5%, income can be declared without confirming the costs of their acquisition. Hetmantsev will try to pass the law on the legalization of cryptocurrency before the start of summer.

There is an increasing interest in cryptocurrencies among public servants. According to declarations for 2024, Ukrainian public servants declared 10% more cryptocurrency compared to last year. The declarations contain more than 2000 mentions of digital assets.