Cryptocurrency exchange Binance comments on the acceptance of digital assets in Ukraine

Binance 's Kirill Khomyakov, who heads up regional markets in Central and Eastern Europe and Africa, commented on the amendments to the Ukrainian draft law «On Virtual Asset Markets.» He noted that the amendments submitted by Binance, along with other exchanges and the Ministry of Digital Transformation, are aimed at «simplifying the lives of users.» According to him, the document will change significantly before the second reading in the Verkhovna Rada.

The main problem, according to Khomyakov, is fiscal policy. Currently, taxation is based on the capital gains scheme: taxes are levied only on assets sold for the national currency. Binance expects the rate to be 23% - 18% for the general scheme plus the military fee — and suggests introducing a preferential regime. It predicts that the second reading will take place by the end of the year, after which the law will come into force on January 1. The regulator will need another 6−12 months to develop bylaws.

Khomyakov emphasized that nothing will change for users until the licensing process is introduced, at least until the end of this year and for nine months of the next year. At the same time, the government has not yet decided which agency — the NBU, the NSSMC, or the Ministry of Digital Transformation — will be responsible for regulating the crypto market.

Binance has also submitted a number of amendments to protect user data. According to Khomyakov, law enforcement agencies can currently receive information only in certain suspicious cases, and there is no mass data transfer. He emphasized that maintaining privacy is an important element for customer security and trust. Additionally, the authorities are discussing the idea of creating a national crypto reserve, but this issue is not a priority.

Binance’s plans in Ukraine include the launch of a dollar and later a hryvnia card, as well as the creation of a «Resilience Lab» to provide grants to Ukrainian blockchain developers. Regarding the P2P market, Khomyakov noted that its future is not yet certain, as the draft law does not specify these mechanisms, and everything will depend on the position of the chosen regulator. He assured that Binance will do everything possible to preserve its P2P platform, while the company has already applied for a MiCA license in the EU.