Ukraine Targets $5.4B Bitcoin Holdings in Landmark Crypto Regulation Bill
Ukraine will review a comprehensive cryptocurrency regulation bill in late August 2025, which could reshape the country’s digital asset...
Quick overview
- Ukraine will review a comprehensive cryptocurrency regulation bill in late August 2025, aiming to establish a clear legal framework for digital assets.
- The bill proposes a 10% total tax on undeclared crypto assets and allows the National Bank of Ukraine to hold Bitcoin as a reserve asset.
- While cryptocurrencies will be legalized, they will not be recognized as legal tender, with a focus on advancing the e-hryvnia as a state-backed digital currency.
- If passed, the bill could position Ukraine as a leader in government-held digital assets and encourage blockchain innovation while maintaining economic stability.
Ukraine will review a comprehensive cryptocurrency regulation bill in late August 2025, which could reshape the country’s digital asset landscape. The bill is in its final draft and aims to establish a clear legal framework for cryptocurrency ownership, taxation and oversight – in line with European Union standards.
Danylo Hetmantsev, chair of the parliamentary finance, tax and customs committee, confirmed the tax provisions: 5% personal income tax and 5% military tax on previously acquired digital assets. The plan allows individuals to declare unreported holdings and integrate them into the formal economy and boost compliance. First reading in the Verkhovna Rada is scheduled for the end of August.
Bitcoin in Ukraine’s Reserves
One of the bill’s most interesting points is the possibility of including cryptocurrencies in Ukraine’s central bank reserves. If approved, the National Bank of Ukraine could add Bitcoin and other digital assets to its balance sheet – a move that would put the country among a small group of countries experimenting with crypto-backed reserves.
Ukraine is already the 4th largest government Bitcoin holder with 46,351 BTC worth around $5.4 billion. Similar reserve strategies have been announced this year by the US and Kazakhstan, as Bitcoin is becoming more accepted as a strategic asset.
Key points from the bill:
- 10% total tax on undeclared crypto assets (5% income + 5% military)
- National Bank may hold Bitcoin as a reserve asset
- Cryptocurrencies legalized but not recognized as legal tender
- Support for e-hryvnia as a state-backed digital currency
Innovation vs Stability
While the bill legalizes cryptocurrencies, it makes clear they will not be the official currency. Instead the government is advancing its e-hryvnia project – a central bank digital currency (CBDC) designed to offer a regulated state-backed option for digital payments.
Supporters argue the proposed regulatory framework will encourage blockchain innovation while keeping the economy stable. The clarity around taxation and asset classification could also make Ukraine a model for other countries seeking balanced crypto oversight.
If passed the bill will be a turning point in Ukraine’s crypto policy, potentially opening up investment opportunities and cementing its position as a leader in government-held digital assets. As global crypto adoption accelerates, Ukraine’s move could set a precedent for integrating decentralized assets into national economic strategies.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save