Crypto currency profits would be taxed at 5%

Crypto currency profits would be taxed at 5% under a bill prepared for the Rada, Liga Business reports. In addition, Ukraine’s temporary 1.5% defense tax would be imposed. The taxes would be levied on the difference between buying and selling prices for digital assets, and the difference between mining income and mining expenses. The taxes would be paid only when crypto funds are exchanged to a national currency, or for payments for goods and services. Crypto-to-crypto transactions would not be taxed.