The document defines a virtual asset as a digital object that exists in electronic form, which is not an official payment tool in Ukraine. The authors propose to equate crypto assets with movable property.
The project divides them into three main categories:
- tokens with binding to assets (their value is stabilized by binding to assets such as currency or property);
- electronic money tokens (they are tied to one official currency);
- Other virtual assets (which are not related to the first two types).
The ownership of the VA is acquired through the issue, transaction, law or decision of the court and is confirmed by ownership of access funds such as cryptographic keys. The law provides for the presumption of the legitimacy of their possession, unless otherwise provided by the court, the hetmans were explained.
The bill stipulates the terms of the public proposal of VA, as well as the authorization of the related service providers (storage, trade, transfer).
The project is regulated by cryptocurrency taxation. In particular, for individuals, it is proposed to tax profit from operations with it, received during the year, as the difference between sales and purchase expenses. For legal, mechanisms are introduced, similarly to how operations with securities are taxed, according to the post of people's deputy.
The document also records that the tax value is not paid from cryptocurrency operations, but they are prohibited by firms on a simplified taxation system and persons on a single tax.
The hetmans hopes that the proposed norms can earn from January 1, 2026.
“It is important not to delay this issue. This is a question about establishing understandable rules of the game for market participants,” he summed up, noting that the legalization of cryptocurrencies can potentially bring billions of hryvnias to the budget of Ukraine.
