Is crypto legal in Ukraine?
Cryptocurrency is legal in Ukraine, but subject to regulatory restrictions.
Eastern Europe · UA · 4 of 9 dimensions sourced
Ukraine crypto policy at a glance
Stage of the central bank digital currency programme — research, pilot, or launched.
Whether crypto is legal, restricted, or banned for individuals and businesses.
“This Law defines the legal status of virtual assets, the general principles of civil circulation of virtual assets, the rights and obligations of participants in the virtual assets market as well as the principles of state policy in the field of virtual assets. Virtual assets are intangible benefits having value and being an object of civil rights. They are not a means of payment on the territory of Ukraine and cannot be exchanged for goods or services.”
Whether the jurisdiction licenses crypto/VASP service providers.
Rules governing stablecoin and e-money-token issuance.
How crypto gains are taxed and reported, including OECD CARF participation.
How decentralized finance (DeFi) is treated by regulators.
“Decentralized finance (DeFi) based on crypto-assets continues to develop globally, offering lending, exchange and other financial services via smart contracts. These activities, while not yet widespread in Ukraine, create new challenges for regulation, consumer protection and AML/CFT supervision.”
Whether NFTs are addressed in regulation.
Policy toward crypto mining — permitted, restricted, or banned.
“Цей Закон визначає правовий статус віртуальних активів в Україні... Особливості обігу віртуальних активів, що забезпечені валютними цінностями, визначаються Національним банком України.”
Intensity of regulatory enforcement actions against crypto firms.
Explore Ukraine and compare it with other countries on the interactive crypto policy map →