Ukraine’s New Crypto Tax Plan Aims to Boost Regulation and Drive Market Growth

Ukraine has proposed a new regulatory framework for digital currencies that introduces a 23% tax on cryptocurrency transactions. The National Securities and Stock Market Commission of Ukraine (NSSMC) released this proposal, aiming to clarify regulations for the growing crypto market while simultaneously fostering growth. The framework exempts certain transactions from this tax, including crypto-to-crypto swaps and stablecoins. This decision aims to address the reality of cryptocurrency taxation in the digital age. πŸ‡ΊπŸ‡¦ πŸ“š