A new draft bill has come up in Ukraine, which plans to impose 18% income tax and 5% military tax on digital assets. Apart from this, an extra 5% tax will also be imposed on fiat conversion for the first year, which can also increase next year. Meaning if you convert crypto to fiat (like USD or UAH), the government will take its share on that too.
Experts are saying that the bill is not yet in its final stage, and lawmakers will make changes to it in the next readings. Parliament member Zhelezniak also said that it would be too early to discuss the details now because “many changes are going to come.”
Another confusion is which regulator will control the crypto industry – the National Bank of Ukraine (NBU) or the National Securities and Stock Market Commission. This clarity is still pending.
Ukraine Adoption for more crypto?
Ukraine is one of the countries in the world that tops crypto adoption. Ukraine ranked 8th in Chainalysis’ 2025 Global Crypto Adoption Index. According to reports, before Russia’s invasion, about 16% of the population owned crypto.
If this bill is passed, on one hand more people can adopt crypto (because now it will be “legal”), but on the other hand taxation can become a headache for crypto users. Especially the 5% tax on fiat conversion, which could be even higher next year — this is something the crypto community will not like.
Why is the government pushing this bill?
In Ukraine, crypto has been operating largely outside regulation so far. Transactions worth billions of dollars did not come under the tax radar. Now the government is focused on generating extra income from this regulation, which can support war efforts and the economy. Also, readthe crypto beginner’s guide
Muddu – Crypto Enthusiast & Analyst
Muddu has been actively involved in the crypto world for more than 3 years, closely tracking Bitcoin, altcoins, and emerging blockchain projects. With hands-on experience in crypto trading, market analysis, and following global regulations, he simplifies complex crypto trends into easy-to-understand insights for readers.
Through FastCryptoBuzz, Muddu aims to bring honest, research-driven, and timely crypto updates that help readers stay ahead in the fast-moving digital asset space. His mission is to make crypto knowledge accessible to everyone – from beginners to seasoned investors.
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