New Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation Regulations

New Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation Regulations


A special council under Ukraine’s securities regulator will be tasked to develop rules for crypto taxation in the country. The new body will be also responsible for coordinating the regulation of various crypto activities and adjustments to the applicable legislation.

Advisory Board to Take On Matters Related to Cryptocurrency Taxation in Ukraine

The National Securities and Stock Market Commission of Ukraine (NSSMC) has set up an advisory council that will be entrusted with the further development of the regulations for the digital asset market in the Eastern European nation.

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The new board’s first task will be to prepare amendments to the country’s Tax Code reflecting the specifics of taxing cryptocurrency transactions, the authorities in Kyiv said in an announcement published before the weekend.

The

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