OREANDA-NEWS  The Verkhovna Rada of Ukraine has voted in the first reading to adopt a law on the regulation of cryptocurrencies. This measure will allow it to be taxed, TASS reports.

246 deputies supported the bill, with a minimum of 226. Only one member of parliament voted against the law, while others abstained.

The authorities wanted to set taxes on profits from cryptocurrencies at 18 percent, but for the first year after the adoption of the law, a preferential rate of 5 percent will apply.

One of the reasons to adopt such a bill was the news that employees of the National Anti-Corruption Bureau of Ukraine (NABU) indicated fictitious amounts in cryptocurrency on electronic wallets in their declarations. These funds are planned to be legalized.

According to deputy Yaroslav Zheleznyak, the law on the regulation of cryptocurrencies may come into force as early as January 1, 2026. The National Bank of Ukraine or the National Securities and Stock Market Commission can monitor the market.

President of Ukraine Volodymyr Zelensky signed the law "On Virtual Assets", which brings digital assets and cryptocurrencies into the legal field, in March 2022. From that moment on, it became possible to legalize the work of foreign and Ukrainian crypto exchanges in the country, and for banks to open accounts for crypto companies. The National Bank of Ukraine and the National Securities and Stock Market Commission (NSSMC) have been appointed responsible for market regulation.