Ukraine is planning to legalize cryptocurrencies by the summer, according to Danylo Hetmantsev, the chairman of the Finance, Taxation, and Customs Policy Committee of the Verkhovna Rada of Ukraine. Lawmakers are currently addressing several issues, such as taxation and incentives for crypto adoption. Ukraine plans to tax crypto transactions similarly to other investment assets and may provide a transition period for individuals who have already invested in cryptocurrencies but cannot prove it. Hetmantsev stated that the country will not offer any bonuses or benefits to crypto-related companies and individuals, as it could create an uneven tax burden on traditional industries. The National Securities and Stock Market Commission may oversee crypto regulation, but currently lacks the capability to do so, therefore, the responsibility may be temporarily taken up by the National Bank of Ukraine. Lawmakers are also discussing methods for applying financial surveillance to cryptocurrency transactions.



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