December 2020 – On 2 December 2020,
Ukraine's parliament adopted in the first reading the Bill on
Virtual Assets No. 3637, which is available in Ukrainian
here). The proposed legislation is the latest in a series of
attempts by lawmakers to regulate virtual currencies or, more
broadly, virtual assets in Ukraine. However, in the current
proposal the parliament has approached the matter in a more
consistent manner—first, by rolling out a new anti-money
laundering law, and then following that up with creating the
appropriate regulatory framework. The next and final step is
expected to be the introduction of a tailored tax regime, as
currently transactions with virtual assets remain subject to the
generally applicable tax rules.
