By Walter Grand in Economy —

Ukraine is ready to introduce crypto-taxes and MiCa law in September

Ukraine is ready to introduce crypto-taxes and MiCa law in September
Photo by Glib Albovsky / Unsplash

The National Commission on Securities and Stock Market (NSCSM) of Ukraine completes work on the bill on crypto-taxes.

The agency amended the text of the Law on virtual assets. The next step is the implementation of new rules and changes to the Tax Code of Ukraine. According to Forbes, this can be done already in September.

The amendments imply such changes:

  • Regulators of the crypto market will be the National Bank (NBU) and the National Securities Commission.
  • All cryptocurrencies will be divided into 3 categories - e-money tokens, asset-linked tokens and other virtual assets.
  • The issue of virtual assets can only be carried out by a legal entity registered with the NCSSM.
  • Profits from crypto-assets are subject to an 18% tax and a 1.5% military fee.