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Parliament legalizes virtual assets.

The bill on virtual assets was adopted by the Verkhovna Rada at the second reading on September 8. It was supported by 276 MPs. Deputy Prime Minister, Minister of Digital Transformation Mykhailo Fedorov, notes that currently, the daily turnover of virtual assets in Ukraine is UAH 1 billion, but all this is in the shadows. Taxes have not been paid on any transactions with virtual assets. The new law will create favorable conditions allowing companies to register in Ukraine, and not abroad. “The budget will receive taxes, and entrepreneurs will feel protected.” Now the Civil Code and tax code will need to be amended accordingly.

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