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Ukraine to Legalize Cryptocurrency in First Quarter 2025 with No Tax Breaks and Digital Assets Regulation

Ukraine is set to legalize cryptocurrency by early 2025, with a focus on implementing a securities-based taxation model
By: DeepNewz • December 12, 2024
Ukraine to Legalize Cryptocurrency in First Quarter 2025 with No Tax Breaks and Digital Assets Regulation

Ukraine is set to legalize cryptocurrency by early 2025, with a focus on implementing a securities-based taxation model. The legislation, currently being drafted and under review, aims to regulate digital assets while ensuring adequate oversight.

The proposed law will treat profits from cryptocurrency similarly to securities, meaning there will be no special tax benefits for crypto transactions. This move is seen as a significant step in formalizing the crypto market in Ukraine, although expectations for tax breaks are low, as the country seeks to maintain standard taxation practices.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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