Invasion of Ukraine

Cryptocurrency

•

30 days

Summary

sources
27
Narrative Items
91
Bottom Line Up Front

27 sources in Cryptocurrency are amplifying 91 narrative items relating to the narrative of Ukraine's proposed taxation on virtual asset gains. This initiative highlights the country's intent to regulate the crypto market while increasing state revenue, showcasing a broader trend of integrating digital finance into national economic frameworks.

Reviewing a number of the most relevant narrative items indicates that Cryptonews.com characterizes Ukraine's proposal for an 18% income tax plus a 5% military levy on virtual asset gains in a relatively neutral light, focusing on the regulatory implications and potential impact on the crypto market. The language used is informative and straightforward, avoiding hyperbole but highlighting the intention to regulate and boost state revenue. However, some phrases like "growing engagement with digital finance" suggest a positive tone towards Ukraine's evolving financial landscape. The coverage reflects an awareness of international models, which positions Ukraine as forward-thinking in its approach to crypto regulation, while steering clear of emotional language. Overall, the portrayal lacks signs of bias or propaganda, presenting the facts in a way that appeals to readers interested in financial regulation without sensationalizing the issue.

About This Module

The Cryptocurrency module includes cryptocurrency publications and influencers.

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Sources

Sources by Type
Sources of these types represent most of the amplification activity around this narrative
sources by Volume
These sources are amplifying the most items involved in this narrative. Click to see details of each source's narrative activity.
Top sources
Day-by-day volumetric activity of sources amplifying the most items around this narrative
Cryptonews.com
15% of the items in this brief were amplified by this source.
Coindoo
10% of the items in this brief were amplified by this source.
Coin Telegraph
9% of the items in this brief were amplified by this source.
CoinGape News
5% of the items in this brief were amplified by this source.
BeInCrypto
5% of the items in this brief were amplified by this source.
TheNewsCrypto
5% of the items in this brief were amplified by this source.
CryptoPotato
4% of the items in this brief were amplified by this source.
Decrypt
4% of the items in this brief were amplified by this source.
99 Bitcoin News
4% of the items in this brief were amplified by this source.
CoinCentral
4% of the items in this brief were amplified by this source.
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Top Items

These narrative items are the most relevant and/or the most amplified. Click to see details and suggested messages.
Amplifiers:
Cryptonews.com
cryptonews.com
Ukraine Sets 18% Income Tax on Virtual Assets
Ukraine proposes an 18% income tax plus a 5% military levy on virtual asset gains, with alternative lower rates for specific categories. This draft plan, referencing international models, aims to regulate the crypto market and boost state revenue, reflecting the country's growing engagement with digital finance.
Amplifiers:
Blockonomi
blockonomi.com
Ukraine Proposes 23% Tax on Crypto Transactions with Stablecoin Exemptions
Ukraine proposes a 23% tax on some crypto transactions, exempting crypto-to-crypto trades and stablecoins. The framework, including considerations for mining and staking, aims to align with EU regulations, generate revenue, and promote responsible crypto use. Tax-free thresholds for small investors are under consideration.
Amplifiers:
TheNewsCrypto
thenewscrypto.com
Ukraine Proposes 23% Tax on Crypto, Stablecoins Get a Pass
Ukraine proposes a 23% tax on cryptocurrency transactions converting to fiat or goods, exempting stablecoins and crypto-to-crypto trades. A 5% military levy is added. The framework aims to balance regulation with market growth, offering flexible options for mining, staking, and airdrops while protecting retail investors.
Amplifiers:
CoinCentral
coincentral.com
Ukraine Proposes 23% Tax on Cryptocurrency Transactions with Stablecoin Exemptions - CoinCentral
Ukraine proposes a 23% tax on cryptocurrency-to-fiat transactions, exempting stablecoins and crypto-to-crypto trades. This framework, aiming for balanced regulation and market growth, also considers varying tax rates for mining, staking, and airdrops, with potential exemptions for small investors and family transfers. The goal is to prevent financial abuse while boosting legal crypto activity.
Amplifiers:
Coinpedia
coinpedia.org
Ukraine Plans to Tax Crypto by 18%—Here’s How It Will Affect You
Ukraine proposes an 18% tax plus a 5% military levy on cryptocurrency income, potentially lowering to 5-9% in certain cases. Mining, staking, and airdrops will be taxed, but crypto-to-crypto trades remain exempt. The bill, currently under parliamentary review, aims to clarify crypto taxation and is part of a broader regulatory framework planned for October 2025.
Amplifiers:
Coin Telegraph
cointelegraph.com
Ukraine floats 23% tax on some crypto income, exemptions for stablecoins
Ukraine's financial regulator proposes a crypto tax framework, suggesting an 18-23% tax on crypto cash-outs, excluding crypto-to-crypto trades and stablecoins. Mining, staking, and airdrops are also addressed, with potential tax exemptions for small investors and specific transactions. The framework aims to inform lawmakers' decisions on crypto taxation.
Amplifiers:
Live Bitcoin News
livebitcoinnews.com
Ukraine Proposes 18% Tax on Crypto Earnings | Live Bitcoin News
Ukraine proposes an 18% tax on cryptocurrency profits, including a 5% military levy, to fund its budget and military. This simplifies crypto transaction and mining regulations, aiming for summer 2025 implementation. The framework clarifies taxable events, offering options for calculating income and potentially exempting some transactions.
Amplifiers:
Coin Telegraph
cointelegraph.com
Polymarket faces scrutiny over $7M Ukraine mineral deal bet
Polymarket, a decentralized prediction market, is criticized for a $7 million Ukraine mineral deal bet settled as "yes" despite no such deal occurring. Users allege a "governance attack" by a whale manipulating the UMA Protocol oracle. Polymarket refuses refunds, citing no market failure, but promises improved monitoring systems.
Amplifiers:
CoinGape News
coingape.com
Cryptocurrencies Price Prediction as Trump Set to Broker Ukraine Peace Deal With Putin
Trump's planned talks with Putin regarding a Ukraine peace deal are creating uncertainty in the cryptocurrency market. A successful resolution could boost Bitcoin's price past $90,000 due to reduced geopolitical risk and a weakening US dollar, driving investors to alternative assets. However, failure could lead to further price drops. Market analysts remain divided.
Amplifiers:
Bitcoinist.com
bitcoinist.com
Ukraine's New Crypto Taxation Plan: 18% Income Tax On Gains
Ukraine's NSSMC proposed a crypto tax plan including an 18% income tax plus a 5% military levy on crypto gains. Crypto-to-crypto trades are exempt, while staking rewards may be taxed at sale. This plan aims to legalize crypto by addressing the lack of a clear tax framework, currently delaying implementation until potentially 2026.
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Entities

Tap or click for details
These entities are mentioned most frequently in the narratives highlighted in this brief. Click to see details of narrative activity related to each one.
Technologies
Blockchain Technology
The underlying technology for cryptocurrencies and virtual assets.
Cryptocurrency
Digital or virtual currencies that use cryptography for security.
Organizations
International Monetary Fund (IMF)
An organization that may influence or support Ukraine's economic policies.
European Union (EU)
A political and economic union that may have an interest in Ukraine's financial regulations.
Companies
Cryptocurrency Exchanges
Platforms that facilitate the buying and selling of cryptocurrencies.
Blockchain Startups
Companies developing applications and services based on blockchain technology.
People
Ukrainian Government
The governing body proposing the new tax plan.
Crypto Investors
Individuals and entities investing in virtual assets in Ukraine.
Events
Draft Tax Plan Announcement
The event where the Ukrainian government announced the new tax proposal.
Technologies
Blockchain Technology
The underlying technology for cryptocurrencies and virtual assets.
Cryptocurrency
Digital or virtual currencies that use cryptography for security.
Organizations
International Monetary Fund (IMF)
An organization that may influence or support Ukraine's economic policies.
European Union (EU)
A political and economic union that may have an interest in Ukraine's financial regulations.
Companies
Cryptocurrency Exchanges
Platforms that facilitate the buying and selling of cryptocurrencies.
Blockchain Startups
Companies developing applications and services based on blockchain technology.
People
Ukrainian Government
The governing body proposing the new tax plan.
Crypto Investors
Individuals and entities investing in virtual assets in Ukraine.
Events
Draft Tax Plan Announcement
The event where the Ukrainian government announced the new tax proposal.

Context

Ukraine's proposal for an 18% income tax plus a 5% military levy on virtual asset gains highlights the country's efforts to regulate its burgeoning cryptocurrency market while addressing pressing economic needs. The move comes amid ongoing conflict and military challenges, particularly following Russia's annexation of Crimea in 2014 and the subsequent war in Eastern Ukraine. This situation has strained Ukraine's economy, necessitating innovative revenue sources to support military and social expenditures.

Demographically, Ukraine has a young, tech-savvy population that is increasingly engaged in digital finance, making the regulation of virtual assets timely and relevant. The proposed tax structure aims to create a legal framework that encourages investment while ensuring that the government can benefit from the growth of this sector. By referencing international models, Ukraine seeks to align its regulations with global standards, potentially attracting foreign investment and fostering economic stability.

Geographically, Ukraine's strategic location between Europe and Russia adds complexity to its national security landscape. The ongoing conflict has heightened the need for a robust military and economic strategy, making the proposed tax on virtual assets a potential tool for bolstering defense funding.

Politically, the proposal reflects a broader commitment to reform and modernization, as Ukraine seeks to integrate more fully into the global economy. However, the success of such initiatives will depend on the government's ability to implement effective regulatory frameworks and ensure compliance, all while navigating the challenges posed by ongoing military tensions and internal political dynamics. Overall, this draft plan represents a significant step in Ukraine's efforts to harness the potential of digital finance for national development and security.
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