Ukraine Introduces 23% Crypto Tax Plan: Impact on Digital Asset Holders

Ukraine’s National Securities and Stock Market Commission (NSSMC) has proposed a new tax plan for crypto users, aiming to establish clear rules for taxing digital assets. The plan outlines a 23% tax rate on profits from certain transactions, including an 18% income tax and a 5% military levy. This will apply when crypto is exchanged for fiat currency or used to purchase goods and services but not for direct crypto-to-crypto trades.