The Ukrainian government plans to legalize cryptocurrency by this summer.

BlockBeats News, February 11th, Ukrainian senior MP Danylo Hetmantsev stated that Kyiv is expected to "legalize" cryptocurrency before this summer, and the main text of the relevant bill is fully prepared. Hetmantsev is the Chairman of the Verkhovna Rada's Committee on Finance, Taxation and Customs Policy.

MPs are still discussing several issues, including how regulatory bodies and law enforcement officers will apply "financial monitoring" methods to cryptocurrency transactions. In addition, the drafters of the bill must finalize tax matters before submitting the bill to the Rada.

Hetmantsev further stated that Kyiv will not provide any "bonuses or incentives" to companies and individuals using cryptocurrency, explaining that Kyiv has already consulted "international experts on the legalization issue," who believe that any "preferential treatment" could lead to an unfair tax burden on traditional industries using cryptocurrency. Kyiv plans to ensure that cryptocurrency transactions are "taxed at the same rate as other investment assets" and adopt a regular tax regime. (Cryptonews)