On September 3, 2025, the Verkhovna Rada of Ukraine voted to adopt the draft law “On Virtual Assets” in the first reading. Later, in an interview with RBC-Ukraine, the head of the parliamentary Committee on Finance, Taxation and Customs Policy, Danylo Hetmantsev, noted that the bill could be amended.
The politician noted that he does not insist on any fundamental provisions in the draft law. In his opinion, it is advisable to prepare an optimal version of the law, which is possible only if there is sufficiently reasoned criticism.
“The problem with this law was that no one seriously prepared it. […] If the committee (the Verkhovna Rada Finance Committee) hadn’t taken it up, the document would not have made it to the first reading. The text that I, as the head of the committee, received in March was of poor quality — it looked like it was written by ChatGPT. We made a working draft of the text, but I still don’t have a final answer to the question whether everything is right,” explained Hetmantsev.
The MP noted that since this is a new market, he is very much afraid of possible mistakes and would like to involve as many experts as possible, which is very few now, to finalize the law for the second reading. He is ready to change all the provisions, except for the issue of granting benefits — taxation for these transactions will remain standard, similar to securities transactions.
“And we will not rush the adoption of this law. Even if the powers of this convocation of the Verkhovna Rada end, there is the first reading, and the draft law will be passed on to the new Rada,” the politician emphasized.
He also stated that cryptocurrency will not be a means of payment. According to Hetmantsev, this may even be worse than allowing the euro or dollar to circulate, as the issue concerns national security and sovereignty.
Earlier, we reported that Ukraine became the first country in the world in terms of crypto activity in relation to the population.