Is crypto legal in Ukraine? Rules & regulation (2026)

The 2022 'On Virtual Assets' Law (No. 2074-IX) was adopted by Parliament but never entered into force pending Tax Code amendments. Draft Law No. 10225-d, prepared by the NSSMC and modeled on the EU MiCA regulation, was adopted at first reading in 2025 and is being prepared for a second reading; the Ministry of Digital Transformation lists crypto legalization among its 2025–2026 priorities.

Under Bill 10225-d, the NSSMC would license and supervise VASPs (exchanges, custodians, brokers) and oversee token issuance and market conduct, while the NBU would set authorisation rules for services exchanging virtual assets for currency values and would supervise e-money tokens (stablecoins).

NBU Governor Andriy Pyshnyy has stated that virtual assets will not be permitted as a means of payment in Ukraine and cannot displace or weaken monetary policy; the hryvnia remains the sole legal tender even after crypto is regulated.

Amendments to Law No. 361-IX 'On Prevention of Money Laundering and Terrorist Financing' brought virtual assets and VASPs within Ukraine's financial monitoring regime consistent with FATF Recommendation 15, requiring registration, KYC, and reporting; mandatory identification thresholds apply (approx. EUR 600 for transfers).

The tax amendments in Bill 10225-d are designed to enter into force on 1 January 2026: a transitional reduced 5% personal income tax rate on 2026 disposals (plus 5% military levy), moving to the standard 18% PIT + 5% military levy thereafter; the Verkhovna Rada Finance Committee recommended adopting the revised bill in April 2025.

The NSSMC drafted Bill 10225-d based on the EU MiCA Regulation, introducing categories of asset-referenced tokens, e-money tokens, and other virtual assets with corresponding licensing, disclosure, and reserve requirements, as part of Ukraine's EU accession-track legal harmonisation.