Ukraine Crypto Drama: Will It Ever Get Legalized? 🤔💸

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So, news flash! Ukraine’s lawmakers are STILL at it, poking and prodding like it’s a slightly boring game of chess, debating crypto tax rates while the world zooms ahead. According to an expert with more patience than me on a Monday morning, the shiny new crypto bill could be lounging around until 2026, longer than my last relationship. 💔

Ukraine’s Crypto Circus: 2026 is the New 2025

In an exclusive chat with local news (that’s basically like gossiping over coffee, but with a tie), Taras Kozak, a fancy member of Ukraine’s securities regulator advisory group, shared the latest buzz on Ukraine’s quest to legalize cryptocurrencies. Spoiler alert: It’s complicated! 📅

But hold your horses! Kozak and Danylo Hetmantsev, the head honcho of the Verkhovna Rada’s Committee on Finance, are not on the same page. Hetmantsev’s forecasting skills seem more suited for a weather report than politics, claiming the bill will be ready to rumble by summer 2025. 🚀

It gets better. The first draft is expected to be out in the first quarter, followed by a riveting “second reading” in Parliament—you know, just like a sequel nobody asked for! The lawmakers are apparently still figuring out the juicy details of the tax measures. ☕️

Then there’s the cherry on top: back in December, Hetmantsev mentioned a working group with the National Bank and the IMF on a draft bill to cozy up to legalizing digital assets. So, that’s happening! 🎉

But Kozak, being the realistic gem that he is, thought that crypto dreams might stretch into next year. And who knows, maybe they’ll finally make it happen before the world ends, which could be any day now. 🤷‍♀️

So, if all goes according to plan (cue the dramatic music), crypto could be strutting its stuff and getting taxed starting in 2026. But hey, who doesn’t love a good cliffhanger? 📈

Lawmakers vs. Crypto Taxation: The Never-Ending Saga

Kozak insists that settling on a tax rate is crucial, ’cause Ukrainian investors are, shockingly, on board with helping the state budget. They’d even entertain around a 5% tax on their crypto profits, as long as nobody snoozes through the process like it’s a boring lecture. 🥱

And let’s not forget our buddy President Volodymyr Zelensky, who back in March 2022 signed something called the “On Virtual Assets” law — it sounds important, right? Except, it’s been about as useful as a chocolate teapot, stuck waiting for a few necessary changes to the Ukrainian Tax Code. 🍫

All this rigmarole means the nation might just be waving goodbye to millions in potential tax revenue, thanks to a lack of real regulations. I mean, who doesn’t love a good loophole? 🙃

Kozak, ever the pragmatist, urged for a reasonable tax rate, anywhere from 5% to 10%. After all, the state needs cash for the army, weapons, and good ol’ security. “We live on this money!” he passionately declared—because who wouldn’t want to support a cause that involves fighting for freedom? 💪

What’s coming down the pipe line? The government has floated a standard 18% tax on personal income, plus an exciting 5% military levy. And just for the cherry on top? Investors without proof of initial investments could be staring at a 23% tax on everything. I can almost feel the dread radiating through the screen. 😱

And Hetmantsev? He’s set the scene, claiming no tax exemptions for digital assets because they’re playing it safe, consulting with experts and probably asking them to read the fine print. We all love a cautious approach when it comes to taxes, right?

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2025-03-01 08:44