MP reported when cryptocurrency will be legalized in Ukraine.

Cryptocurrency could be legalized in Ukraine in 2025

The head of the Verkhovna Rada Committee on Finance, Tax, and Customs Policy, Danylo Hetmantsev, stated that cryptocurrency could be legalized in Ukraine in 2025.

"I think approximately the first or second quarter of next year we can already legalize cryptocurrency and tax it appropriately," said Hetmantsev in an interview with ASATrьопс.

Hetmantsev noted that no benefits are planned for cryptocurrencies. Standard taxation is planned, which will cover investment income. Calculations using cryptocurrency will also be allowed.

According to experts from the company Kaiko, the authorities of the USA, China, the UK, and Ukraine may start selling off their bitcoin reserves in September. This could lead to a collapse in the bitcoin exchange rate, bringing it closer to $53,000.

According to a recent analysis by IntoTheBlock, historical cycles of bitcoin show that in 2025 the cryptocurrency could recover and demonstrate significant growth.