The issue of the legality of cryptocurrency transactions in our country remains complex. According to the Law of Ukraine “On Currency and Currency Transactions”, the only legal tender is the hryvnia. Therefore, cryptocurrency cannot be an official instrument of payment, but its use as an object of exchange or investment is not prohibited.
Until the adoption of the Law of Ukraine "On Virtual Assets", businesses can legally carry out exchange and investment transactions, adhering to the basic requirements of tax and financial legislation.
However, due to the lack of clear regulations, entrepreneurs and investors often face difficulties when reporting or declaring cryptocurrency income. In such cases, cryptocurrency lawyer will help you properly prepare documents, avoid double taxation, and prepare for changes in the legal field.
Cryptocurrency Taxation: What You Need to Know
As of 2025, the Ukrainian tax system does not have a unified approach to the taxation of cryptocurrencies. Currently, there are two models practiced by regulatory authorities:
- Taxation of all cryptocurrency income, regardless of the financial result;
- Taxation of investment profits, that is, only the positive difference between the purchase and sale of a digital asset.
Each of these approaches has its own consequences for entrepreneurs and individuals. Cryptocurrency lawyer will help determine the optimal model, taking into account the type of activity, residency and asset structure, and will also prepare arguments to defend your position before tax authorities or in court.