Ukraine and EU Lead the Way in Crypto Regulation

Ukraine plans to adopt the crypto market rules approved by the European Parliament, with draft provisions almost ready and talks with stakeholders set to begin soon. The Lviv Office of the State Tax Service of Ukraine has clarified that income from the sale of cryptocurrencies is included in the total annual taxable income for private individuals. The country's crypto tax rules are yet to be introduced, but the bill "On Virtual Assets" is expected to enter into force after relevant amendments to the Tax Code are approved by the Verkhovna Rada.