Ukraine Unveils Proposal for High Crypto Tax Rate, Exemptions for Stablecoins

Ukraine’s financial watchdog has proposed a new framework to tax certain crypto transactions as personal income, aiming to build a comprehensive crypto tax system that aligns with international standards. The National Securities and Stock Market Commission (NSSMC) introduced the draft on April 8, with potential rates reaching up to 23%. The plan aims to tackle the country’s unique financial needs while implementing regulations consistent with global best practices.