Ukraine Finalizes Crypto Law in August

Ukraine will finalize the crypto law in August 2026, and the document is planned to take effect on January 1, 2027. This concerns traders, crypto holders, and companies waiting for clear rules for operating in the market.

This was discussed on June 13 in Kyiv at Incrypted Conference 2026 during a panel session on industry regulation. The discussion included MP Yaroslav Zhelezniak, head of the NSSMC Oleksii Semeniuk, and chief lawyer of the Ministry of Digital Transformation project office Dmytro Nikolaievskyi. Zhelezniak said that the NSSMC will become the main regulator of Ukraine’s crypto market, and the draft law text itself is expected to be finalized in August.

Why has this law taken so long to prepare?

Work on rules for the crypto industry has been dragging on for years. The Finance Committee, the NSSMC, the Ministry of Digital Transformation, and the NBU were involved in the process, so agreeing on the scope of powers turned out to be difficult.

According to the draft law card No. 10225-d on the Verkhovna Rada website, it was registered on April 24, 2025. On September 3, 2025, 246 MPs voted for it in the first reading, and on February 10, 2026, the document was added to the agenda by Act No. 4775-IX. The official status now, as stated on the card, is: “being prepared for second reading.” For the market, this is no less important than the launch date itself, because without a second reading the law will not provide clear rules for exchanges, services, and ordinary users. This is where the main dispute over the oversight model begins.

Who will control the market and what is still unresolved?

Zhelezniak said directly that the Commission will be the main regulator. But part of the powers still remains disputed, primarily regarding what will stay under the NBU and what will be transferred to the NSSMC. Separately, the block on the arrest and seizure of assets still needs to be closed.

Oleksii Semeniuk, by contrast, urged not to rush with forecasts. He said the process resembles “childbirth,” where the state is trying to “give birth” to this draft law, and admitted that there is a lot of tension around the topic. This sounds harsh, but it clearly shows why even after 246 MPs voted for it in the first reading, the document did not become ready in a single day. And one more important detail: Zhelezniak himself said he has consensus with the IMF and the government regarding the Commission’s role.

“We had about 2,000 amendments, and we went through them,” said Yaroslav Zhelezniak. “The law will be in place from January 1 next year,” added Oleksii Semeniuk.

Market reaction

For the market, it is not only the words about August and January 1, 2027 that matter. What matters is the very fact that Ukraine is moving toward a model where the rules can be read rather than guessed. This reduces chaos for companies working with crypto and for people who simply want to understand how taxes will be calculated later.

The European backdrop is also worth mentioning here. According to EUR-Lex on MiCA, the main part of the regulation has been in force in the EU since December 30, 2024, and the transitional regime for CASPs ends on July 1, 2026. In other words, the Ukrainian draft law is moving at a time when European rules are already working, and this is pushing Kyiv not to delay the decision any further.

• Draft law No. 10225-d was registered on April 24, 2025.

• It was supported in the first reading by 246 MPs on September 3, 2025.

• The document was added to the agenda on February 10, 2026, by Act No. 4775-IX.

• The text is planned to be finalized in August 2026.

• The law’s launch was set for January 1, 2027.

• The first version of the tax model included 18% personal income tax, a 5% military levy, and a preferential 5% rate for the first year when cashing out to fiat.

What does this mean for investors?

For Ukrainian crypto holders, the most important thing right now is not only “when,” but also “how exactly.” If the Commission really becomes the main regulator, the market will get a clearer entry point for licensing, reporting, and transaction oversight. This is useful for both large players and small traders, because uniform rules reduce the space for chaos.

There is another side as well. The draft law is still not closed, and sensitive issues remain in it, including asset seizure and the division of powers between the NBU and the NSSMC. In addition, the conclusions on No. 10225-d already included different assessments: the budget committee spoke about a possible increase in budget revenues, the European integration committee saw no overall conflict with EU law, but the anti-corruption committee pointed to problematic provisions. This means August may be only another stage, not the final point.

Still, this is an important shift for the Ukrainian market. According to Triple-A, Ukraine has 6.5 million cryptocurrency holders, or 15.72% of the population, and this audience has long been living not in theory but in real transactions. Therefore, any clarity on taxes, oversight, and the launch on January 1, 2027 will affect not only exchanges but also ordinary people who buy, sell, or store crypto.

Frequently asked questions

When could Ukraine finalize the crypto law?

According to Yaroslav Zhelezniak, the text is expected to be finalized in August 2026. After that, it will be revised in line with parliamentary requirements and put to a vote. Oleksii Semeniuk says the law will launch on January 1, 2027.

Who will become the main regulator of the crypto market?

Zhelezniak said the main regulator will be the NSSMC. But part of the powers is still being discussed, including what will remain with the NBU. This is currently one of the main points of contention.

Why is this law important if there is already the 2022 law on virtual assets?

Law No. 2074-IX was adopted back on February 17, 2022, but it still has not fully come into force because amendments to the Tax Code are needed. The new draft No. 10225-d is meant to close this gap so that the rules stop hanging in the air.

For those who already work with crypto or are just planning to enter the market, it is now important to follow not loud statements, but the actual text of the second reading. If you need to quickly sell USDT TRC20 to Monobank, you can do it without extra steps and prepare more conveniently for future rules.

This material is not financial advice. Cryptocurrency trading involves significant risks. Part of this text was prepared with the help of artificial intelligence based on public sources and reviewed by our editorial team.