---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "europe", "moneyval", "legal"]
aliases: ["UA", "UKR", "Україна"]
created: 2026-04-13
updated: 2026-01-01
compile_into: ["[[country--ukraine]]"]
sources:
  - name: "National Bank of Ukraine"
    url: "https://bank.gov.ua"
    type: "official"
---

# 🇺🇦 [[country--ukraine|Ukraine]] (UA) — Crypto Regulation

> Ukraine has a clear legal framework for cryptocurrency, regulated under the Law 'On Virtual Assets' (2022). The National Bank of Ukraine oversees financial institutions and enforces compliance with financial monitoring and currency legislation.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 75/100 (High Risk) |
| Enforcement Level | Low |
| Region | [[domain--europe|europe]] |
| Currency | [[entity--uah|UAH]] |
| Adoption Rank | #6 |

## Tax

| Type | Rate |
|------|------|
| VAT on Crypto | No |

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--nssmc|NSSMC]] / NBU |
| Framework | Law 'On Virtual Assets' (2022) |
| Ease | medium |
| Cost | $10,000 - $100,000 |
| Timeline | 3-12 months |

Licensing is required for crypto service providers under the 2022 law, with regulatory oversight by the National Bank of Ukraine.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | No |
| FATF Status | fsrb_only |

## DeFi

**Status:** regulated

DeFi activities are regulated under the Law 'On Virtual Assets' and subject to AML/KYC requirements.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the general virtual assets framework established by the 2022 law.

## NFTs

**Status:** no_rules

No NFT-specific regulation. The Virtual Assets law may cover NFTs depending on classification.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.058/kWh |
| Renewable Energy | 25% |
| Climate | temperate |
| Infrastructure | poor |

Mining is legally permitted under the Virtual Assets Law, but power infrastructure has sustained heavy damage from Russian missile and drone strikes since October 2022 (Trypilska TPP destroyed March 2024; Kakhovka HPP destroyed June 2023 — 3.5 GW hydro capacity lost). Scheduled blackouts of 4–12 hours/day are common nationwide; commercial mining at scale is not viable under current grid conditions.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | very_unstable |
| Sanctions | No |
| Corruption Index | 33/100 |
| Ease of Business | moderate |
| Internet Freedom | partly_free |
| Banking Access | restricted |

## Enforcement

Enforcement has been minimal due to the ongoing conflict. Focus has been on AML compliance and preventing sanctions evasion.

## CBDC Status: pilot

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [National Bank of Ukraine](https://bank.gov.ua)