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The new stage of cryptocurrency legalization in Ukraine: the National Commission on Securities and the Stock Market has completed the development of a draft law on the taxation of crypto assets and updated the text of the law 'On Virtual Assets'. Forbes learned what these documents provide for and when they can be adopted.
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Ukraine may become the first country in Europe to implement European standards for regulating virtual assets MiSA. The latest steps involve updating the 2021 law 'On Virtual Assets' and making changes to the Tax Code, which will allow the state to tax cryptocurrency trading and payments in Ukraine.
Both pools of changes have already been worked out. The tax bill will be presented on June 14. 'I hope the law will be adopted in September, and it will start working from 2024,' says Yuriy Boyko, a member of the National Securities and Stock Market Commission (NSSMC).