Ukraine Proposes 23% Tax on Crypto Income as part of Expanded Digital Asset System

Ukraine’s Securities and Exchange Commission (SEC) has proposed a 23% tax rate on all cryptocurrency gains for individuals. This would include both personal income tax at 18% and a 5% military levy. The SEC, in a detailed 32-page consultation paper, notes the difficulty of taxing crypto transactions due to their anonymity and decentralization. These factors hinder automatic tracking by tax authorities as many operations occur through decentralized platforms or self-hosted wallets.