Lawmakers in Ukraine are considering two cryptocurrency tax bills in an effort to generate revenue from crypto traders. One of the bills was authored by Yuriy Boyko, a member of the National Commission on Securities and the Stock Market, while the other was authored by MP Anton Shvachko with input from the Ministry of Digital Transformation. The bills are currently in the consultation stage and have received feedback and revisions. The regulator, which has yet to disclose its own proposal, collaborated with EY and the USAID Financial Sector Reform Project on the draft. However, there are differences between the two bills, including varying tax rates and the implementation of the EU's MiCA regulations. Ukrainian officials have expressed interest in using MiCA as a model for their own crypto regulations. It is expected that a consolidated bill will be ready by the end of spring 2024, taking into account the wishes of the FATF and the European Commission.
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