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The Ukrainian encryption bill will undergo its initial review at the end of August, which may allow for the legalization of digital assets.
[Chain News] On August 9, Danylo Hetmantsev, Chairman of the Finance, Taxation and Customs Policy Committee of the Ukrainian Parliament, stated that the Ukrainian Parliament plans to conduct a preliminary review of the Crypto Assets regulatory bill by the end of August. Once approved, this bill will establish a legal framework for digital assets that aligns with European standards. "The preparation of the draft law on taxation of virtual asset transactions is currently in the final stages." "The bill is expected to be submitted to the Ukrainian Verkhovna Rada for a first reading by the end of August 2025." A key provision of the bill allows individuals to legalize previously acquired digital assets. Under this provision, holders seeking asset legalization will pay a 5% personal income tax and a 5% military tax.