The deputy head of the Ukrainian Ministry of Finance expressed his opinion on the future taxation for operations with bitcoin and urged the authorities to not hesitate to determine the legal status of the cryptocurrency.
“While the cryptocurrency has no legal status – this is a common means of usage. According to the Civil Code of Ukraine – this is a thing of the intangible world. My favourite comparison is a tank in the World of Tanks. We bought a tank for 100 UAH, swung it and sold for 2 thousand UAH. It’s a similar story”, he said.
In his opinion, taxation should be applied to two types of operations – mining and sales / purchase transactions. He added that Ukraine needs to determine the legal status of the cryptocurrency soon.