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The IMF has postponed deadlines for four structural beacons in Ukraine's Extended Fund Facility, indicating delays in reform progress. Key changes include the appointment of the Bureau of Economic Security head pushed to July 2025 and the publication of an external audit delayed to the same month. Four new beacons have been introduced, focusing on IT strategy implementation and public investment management, with deadlines extending into late 2025.
Ukrainian legislators are expected to legalize cryptocurrency in the first quarter of 2025, according to Danylo Hetmantsev, chairman of the Financial, Tax and Customs Policy Committee. The proposed law will not provide tax benefits for cryptocurrency transactions, with profits taxed under a securities model. This move comes amid ongoing geopolitical tensions and Russia's recent legislation allowing cryptocurrency use in international trade.
Ukraine plans to legalize cryptocurrencies by early 2025, focusing on regulation and taxation without special tax incentives. The legislation aims to ensure financial stability and compliance with anti-money laundering standards, treating crypto profits like securities trading. Amid ongoing conflict, digital assets are seen as vital for economic resilience and cross-border transactions, having already raised nearly $70 million for defense and humanitarian efforts in 2023.
Ukraine is set to legalize cryptocurrencies by early 2025, with new legislation currently under review that will impose taxes on crypto profits converted to fiat, similar to securities trading. The initiative, developed in collaboration with the National Bank of Ukraine and the IMF, aims to ensure financial stability and compliance with Anti-Money Laundering standards. Amid ongoing conflict, this move could provide secure financial tools for Ukrainians, facilitating cross-border transactions and safeguarding wealth.
Chainlink's price surged to $29.45, marking a three-year high, as futures open interest reached an all-time high of $770.27 million, indicating bullish investor sentiment. Despite recent profit-taking by speculative traders, improving fundamentals and key partnerships, including with Emirates NBD and World Liberty Financial, support the upward trend.In Ukraine, a new bill to legalize cryptocurrency is nearing completion, with a first reading expected in early 2025. The legislation aims to regulate crypto transactions and implement a taxation model similar to that of securities, ensuring profits are taxed upon conversion to fiat currency.
Ukraine plans to legalize cryptocurrencies by early 2025 under strict regulations, with no tax breaks included. The legislation aims to regulate digital assets, ensuring fiscal oversight and compliance with Anti-Money Laundering measures, while applying standard taxation rules on profits from crypto transactions. This move could position Ukraine as a hub for regulated digital asset trading in Eastern Europe amidst ongoing financial challenges.
Danylo Hetmantsev
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18:10 29.03.2025
Ukraine set to legalize cryptocurrency by early 2025 amid ongoing conflict
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ukraine plans to legalize cryptocurrencies by 2025 amid ongoing conflict
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10:47 13.12.2024
ukraine to legalize cryptocurrencies in 2025 with taxation on profits
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00:21 13.12.2024
Chainlink price surges to three-year high amid record futures open interest
16:37 12.12.2024
ukraine plans to legalize cryptocurrencies by 2025 with strict regulations
15:24 12.12.2024
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