The Commission on Securities and Exchange of Ukraine proposed to establish a tax of 23%on income from cryptocurrencies, which will include income tax (18%) and a military fee (5%).

The department explained that taxation of individuals from cryptocurrency transactions is one of the most difficult issues. The main problem is the anonymous and decentralized nature of cryptocurrencies, since operations are performed through decentralized platforms or using wallets for independent storage. This complicates the tax authorities with tracking of cryptotrazacities, and officials complained.

Another problem is that the responsibility for reporting on income with cryptocurrencies is carried out by individuals, not intermediaries. Unlike traditional income, whether it is a salary or dividends where tax liabilities are fulfilled by an employer or bank, with virtual assets, these obligations are assigned to individuals. Often, taxpayers cannot clarify how much they spent on the purchase of tokens, especially if the funds were received through the P2P platform, during the distribution of tokens or through mining.

The fulfillment of tax obligations is also complicated by fluctuations in cryptocurrency courses. The volatility of the market can provoke situations when the trader is obliged to pay tax with potential unrealized profits, and she “evaporated” due to the fall of the market, the commission explained. Many users may not even suspect the need to pay taxes at all, so the commission called on the government to simplify and clarify the submission of tax reporting for crypto traders.

Last year, the founder of the Kuna exchange, Mikhail Chobanyan, said that the crypto industry could not truly develop in the country, since the market is suppressed by the National Bank of Ukraine (NBU). In October, the chairman of the Committee on Finance, Tax and Customs Policy of the Verkhovna Rada of Ukraine Daniil Getmantsev promised that the country is legalizing cryptocurrency in the second half of 2025.