Ukraine Proposes Comprehensive Crypto Bill and Bitcoin Reserve Legislation
Ukraine is advancing its digital asset framework with a new crypto regulation bill slated for parliamentary reading by late August. The legislation aims to establish a legal structure for digital assets, aligning with European standards and allowing for the legalization of previously acquired digital assets via a 5% personal income tax and 5% military duty.
Furthermore, a separate bill introduced in June would permit the National Bank of Ukraine to incorporate cryptocurrencies like Bitcoin into its national reserves. Ukraine currently ranks as the fourth-largest government holder of Bitcoin, possessing 46,351 BTC. These moves reflect a growing trend among nations exploring digital assets as strategic resources.