Ukraine has a legal framework for cryptocurrency, with the Law 'On Virtual Assets' No. 2074-IX adopted in February 2022 but not yet in force, and Bill No. 10225-d pending second reading as of September 2025. The regulator is actively engaged in capital market development and investor protection.
| Status | Legal |
| Risk Score | 65/100 (High Risk) |
| Region | europe |
| Currency | UAH |
| Adoption Rank | #6 |
| VAT on Crypto | No |
| Required | Yes |
| Regulator | NSSMC / NBU |
| Framework | Law 'On Virtual Assets' No. 2074-IX (adopted Feb 2022, not yet in force) + Bill No. 10225-d (first reading Sep 2025, pending second reading) |
| Ease | medium |
| Cost (USD) | $10,000 - $100,000 |
Licensing is required for crypto service providers under the 2022 law, with regulatory oversight by the National Bank of Ukraine.
Enforcement has been minimal due to the ongoing conflict. Focus has been on AML compliance and preventing sanctions evasion.
| Status | Research |
| Name | e-hryvnia |
| Issuing Authority | National Bank of Ukraine |
| Model | retail |
| Technology | Stellar (DLT) |
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: regulated
DeFi activities are regulated under the Law 'On Virtual Assets' and subject to AML/KYC requirements.
Status: regulated
Stablecoins are regulated under the general virtual assets framework established by the 2022 law.
Status: no_rules
No NFT-specific regulation. The Virtual Assets law may cover NFTs depending on classification.
| Legal | Yes |
| Electricity Cost | $0.058/kWh |
| Renewable Energy | 25% |
| Infrastructure | fair |
Mining is legal with moderate electricity costs and 25% renewable energy. Infrastructure is fair but improving.
| Stability | moderate |
| Sanctions | Yes |
| Corruption Index | 33/100 |
| Banking Access | moderate |
| Sanctions Program Active | No |
Risk Factors
Ukraine faces significant geopolitical risks due to ongoing conflict and sanctions but maintains moderate regulatory progress and infrastructure for crypto business.
Recent Political Events
Ukraine has a legal framework for cryptocurrency, with the Law 'On Virtual Assets' No. 2074-IX adopted in February 2022 but not yet in force, and Bill No. 10225-d pending second reading as of September 2025. The regulator is actively engaged in capital market development and investor protection.
Ukraine is classified by FATF as: compliant.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-09-05 · Data source: Soken Crypto Legal Map
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