At the end of April 2025, the Committee of the Verkhovna Rada of Ukraine on Finance, Tax and Customs Policy unanimously supported the updated law on virtual assets. The document was revised and as close as possible to the European version of regulation, including MICA standard. The main goals of the bill are to regulate the circulation of digital assets, their taxation and protection of the rights of market participants.
According to Kirill Khomyakov, a regional head of Binance in Central and Eastern Europe, Central Asia and Africa, such harmonization opens the way to licensing in the EU and will allow Ukrainian companies to enter international markets faster. Bohdan Opryshko, the director of Eversak, who calls it a strategically correct step.
However, not all market participants share optimism. The founder of the project Uahg.io Maxim Demyanyuk believes that adaptation to European standards in Ukrainian realities - taking into account the non -working judicial system and weak banking infrastructure - will hardly stimulate business to stay in Ukraine. He is also supported by Alexander Momot, CEO of Peanut Trade, who believes that the bill complicates the situation by transferring the most severe European norms to Ukraine without adaptation.
Vadim Hrush, CEO Trustee Plus, which indicates the complexity of the document, the presence of large gaps in terms and uncertainty, which can make the law "incapable". Vladimir Nosov, founder of Whitebit Group, expressed a similar opinion: according to him, the bill will be difficult and incomprehensible to a wide audience that will hinder the development of the crypto industry.
On the other hand, Whitebit notes positive changes in tax regulation - unacceptable norms have been withdrawn from the document, in particular the Institute of Tax Agents for crypto operators. A preferential tax rate was also introduced for 5% during 2026 for individuals when selling cryptoactives.
At the same time, the business is concerned about the absence of a clearly defined regulator: according to the bill, it may become the National Bank or other body determined by the Cabinet of Ministers. This uncertainty raises doubts about the regulator's readiness to promptly introduce effective licensing and control.
Kirill Khomyakov emphasized that a lot depends on the competence of the new regulator: whether he will simplify, or complicate the work of market participants. Maxim Demyanyuk noted that if the regulator becomes a securities commission, it will be ineffective, instead the National Bank or Ministoria can better cope with this task.
Summarizing, the business sees in the bill both the potential for the development and increasing transparency of cryptocurrency and the risks of further shadowing and excessive regulatory pressure. Success requires not only the technical quality of the document, but also the constructive dialogue of the state with business and changes in the approaches of state institutions.
