Ukraine's parliament has passed the first reading of a bill to legalize and tax cryptocurrencies, according to MP Yaroslav Zhelezniak. The draft legislation proposes an 18% income tax and a 5% military tax on digital asset profits. Additionally, a preferential 5% tax rate will apply to the conversion of digital assets to fiat currency in the first year. Zhelezniak noted that significant changes are expected before the second reading, and it remains unclear whether the National Bank of Ukraine or the National Securities and Stock Market Commission will regulate the sector.