ABSTRACT
In this article you will find the relevant data on the
current virtual assets' regulatory status in Ukraine,
legislative proposals for legal recognition and taxation of
cryptocurrencies transactions, prospects for the development of the
Ukrainian virtual assets market regulation, maintenance of its
transparency and efficiency and enhancement of economic
climate.
Key words: Ukraine, Virtual Assets,
Cryptocurrencies, Taxation, Permit, Regulation.
INTRODUCTION
On 8 September 2021, Ukrainian Parliament adopted the draft Law
No. 3637 "On Virtual Assets" (the "Draft
Law"), which introduces a basic regulation regarding
all virtual assets in Ukraine1. The Draft Law allows
both Ukrainian and non-resident companies to provide its
crypto-related services under the Ukrainian law. The Draft Law is
to be signed by the President of Ukraine and will enter into force
once the respective amendments to the Tax Code of Ukraine regarding
taxation of transactions with