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5 Aug 2026 Last logged Bybit Cold Wallet Compromise, February 2025
Jurisdiction · · 1 min read · 98 words ·As of

Crypto Rules in Ukraine

Ukraine passed a Law on Virtual Assets in 2022, but full effect was tied to tax code amendments, leaving the regime partly pending.

Regulator(s) National Securities and Stock Market Commission (NSSMC) and the National Bank of Ukraine

Conisec Staff
Written by Conisec Staff Editorial standards Newsroom
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At a glance

IS TRADING LEGAL
Yes. Virtual assets are legally recognised; they are not legal tender.
LICENSING REGIME
The Law on Virtual Assets provides for authorisation of virtual asset service providers, with supervision split between the securities commission and the central bank by asset type.
TAX TREATMENT
Tax treatment was tied to amendments to the Tax Code, which is the step that governs when the regime operates in full.
REPORTING DUTIES
Providers are to be subject to AML obligations consistent with Ukraine's EU-alignment commitments.
MOST RECENT CHANGE
Ukraine has also been aligning its approach with MiCA as part of the broader EU accession process, so the framework is a moving one.

Passed, then conditioned

Ukraine legislated for virtual assets in 2022, recognising them in law and providing for authorised service providers supervised by the securities commission and the central bank. The law’s full operation was conditioned on amendments to the Tax Code, which is why “Ukraine has a virtual assets law” and “Ukraine has an operating virtual assets regime” have not been the same statement.

Alignment is the direction of travel

Ukraine’s EU accession process pulls its framework toward MiCA, which makes the European regime the better predictor of where the rules end up than the 2022 law read on its own.

Sources

  1. NSSMC, Virtual assets regulation (1 Jan 2026)
  2. National Bank of Ukraine, Virtual assets (1 Jan 2026)

Not legal or tax advice. This is a summary of published rules, not legal or tax advice. Rules change; check the primary sources linked above.

Last reviewed by Conisec Staff. Review cadence: Quarterly.

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