Ukraine among top three countries in terms of virtual assets’ use

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Deputy Prime Minister – Minister of Digital Transformation Mykhailo Fedorov said “We developed a relevant law ‘On Virtual Assets’, which was signed by the President in March.”

According to him, together with Ukraine’s National Securities and Stock Market Commission of Ukraine, the Ministry of Digital Transformation is continuing work on a bill amending the Tax Code of Ukraine to define the taxation of transactions with virtual assets.

“We want to create the most favorable conditions for the development of crypto business in Ukraine. So that global crypto companies can legally enter Ukraine and do business using the banking system. And Ukrainians can declare and protect their income in virtual assets,” Fedorov stressed.

As Ukrinform reported, since the beginning of the war, Ukrainians opened more than 50,000 new businesses.


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