Ukraine Courts Legal Framework for Crypto as it Looks to Secure Finances

Ukraine is pushing forward with legislation that will grant cryptocurrencies official standing, establishing a nationwide tax regime in the process. This move comes amid pressure from both security concerns and wartime financial necessities. 18% on cryptocurrency gains will be levied alongside an additional 5% going toward military support efforts. A one-year grace period will ease the transition for those seeking to convert crypto assets into local currency. Authorities haven’t yet decided which regulator will oversee this sector, but both the central bank and securities commission are being considered.