Legalization of cryptocurrency transactions for webmasters
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Our country is constantly leading in various rankings of the use of digital currencies. For example, in 2022, Chainalysis ranked Ukraine third in the global cryptocurrency usage index. Ukrainians have been using cryptocurrency transactions for a long time, but there is a problem with paying taxes. Tax specialists provide different information, which can lead to tax evasion by individuals. In this article, we will consider the possibility of legalizing income from cryptocurrency transactions in Ukraine. We will analyze legislative norms and provide advice for individual entrepreneurs. Legal aspects of cryptocurrency In February 2023, the President of Ukraine approved the Law on Virtual Assets, which partially recognizes the status of digital currencies. In April, the tax service provided clarifications on taxation. According to the new rules, citizens will have to pay 18% tax and 1.5% military duty. On paper, everything looks...
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