Ukraine floats 23% tax on some crypto income, exemptions for stablecoins

Ukraine’s financial regulator has proposed taxing certain crypto transactions as personal income at a rate of up to 23% but excluding crypto-to-crypto transactions and stablecoins.   Crypto transactions would be taxed at 18% with a 5% military levy on top as part of the proposed framework, released on April 8 by Ukraine’s National Securities and Stock Market Commission.  NSSMC Chairman Ruslan Magomedov said in an April 8 statement that “the issue of crypto taxes is not a hypothesis, but a reality that is fast approaching. ” He added that the agency created the framework to help lawmakers make an “informed resolution” by considering each suggestion’s advantages and disadvantages because “these aspects can have a critical impact on the market and tax liability source: https://cointelegraph.com/news/ukraine-floats-23-percent-tax-crypto-excludes-stablecoins?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound