Ukraine to Incorporate Comprehensive Crypto Regulations from the EU
Ukraine is following the footsteps of the European Union to implement new regulations for the crypto market. The European Parliament recently approved the Markets in Crypto Assets (MiCA) package, which provides a comprehensive framework to regulate the crypto space. Ukrainian officials plan to incorporate the new EU norms into their country’s legal framework and are currently working on the launch of the virtual assets market in Ukraine.
In the meantime, the Lviv Office of the State Tax Service of Ukraine has clarified the taxation of crypto-related income for private individuals, stating that income from the sale of cryptocurrencies is included in the total annual taxable income.
Exciting times for Ukraine as it moves towards the adoption of the new regulations and continues to establish itself as a regional leader in crypto adoption.
Clever Robot News Desk 24th April 2023