Global #Ukraine

Ukraine is taking a significant step to formalize its digital asset sector by advancing a new bill that would give cryptocurrencies legal status and establish a tax framework.

As of January 2025, governments across the globe collectively hold around 471,000 Bitcoin (BTC), valued at over $16.37 billion. This represents 2.5% of the total Bitcoin supply.

Ukraine is set to introduce a new legal framework for cryptocurrencies by late August 2025. According to Danylo Hetmantsev, the head of the Ukrainian Parliament's Finance, Tax, and Customs Policy Committee, a preliminary reading of a crypto regulation bill is scheduled for that time.

Ukraine continues to lead Eastern Europe’s crypto evolution with new regulatory milestones and ambitious plans for a national Bitcoin reserve.

Ukraine has stepped up efforts to cut off Russia’s access to cryptocurrency networks by imposing new sanctions targeting over 70 individuals and 60 companies alleged to be helping Moscow bypass financial restrictions through digital assets.

The ongoing war in Ukraine has significantly impacted the country's economy, leading to a weakened currency and limited access to traditional financial services.

In a significant move towards integrating cryptocurrency into its financial ecosystem, Ukraine has announced plans to legalize digital assets by early 2025.

Russian authorities are set to introduce significant restrictions on cryptocurrency mining in regions of Ukraine under its control, marking a new regulatory step in the country’s ongoing response to its energy challenges amid the war.