Ukraine plans to legalize cryptocurrency in Q1 next year, and the president of Argentina intends to open up free trading of Bitcoin

Ukrainian authorities recently stated that Ukraine is expected to officially legalize cryptocurrency in the first quarter of 2025. In addition, Argentine President Javier Milei has recently announced a plan for free currency circulation in 2025, allowing the Argentine people to freely choose currency for transactions, including BTC. (Background: Argentina has the highest cryptocurrency adoption rate in the western hemisphere! The economic crisis behind the frenzy of buying USDT) Ukraine's parliamentary finance, tax and customs policy committee chairman Daniil Getmantsev recently stated that Ukraine is expected to officially legalize cryptocurrency in the first quarter of 2025. The relevant bill was jointly formulated by the parliament working group, the national bank, and the International Monetary Fund, and will be submitted for the first round of review after the new year. Cryptocurrency does not enjoy tax benefits. However, Getmantsev emphasized that Ukraine's cryptocurrency will adopt a tax model similar to securities, and the government will collect capital gains tax when cryptocurrency is converted into legal tender, so it does not enjoy tax benefits. It is understood that Ukraine has already passed the virtual asset trading tax bill in November 2023. If this bill is passed, it will be the last step for Ukraine to legalize cryptocurrency. Argentina plans to implement a free currency circulation plan. In addition, according to Bitcoin.com's report yesterday (December 12), Argentine President Javier Milei has already announced his second-year governance plan, including tax reform, such as cutting 90% of national taxes and allowing local governments to formulate tax policies independently. It is worth mentioning that Milei also announced a plan for free currency circulation in 2025, allowing the Argentine people to freely choose currency for transactions, including BTC. Argentine President Javier Milei has unveiled his administration's plans for his second year in office! After inheriting a devastated economy, he has achieved a surplus and brought monetary issuance down to zero. Milei discussed key topics, including a tax reduction that… — Bitcoin.com News (@BTCTN) December 12, 2024 Related reports: London mayoral candidate plans to airdrop £100 per person: LONDON: Can pay tuition fees, parking fees…promote cryptocurrency adoption. Cryptocurrency adoption rate soaring survey》encryption sub-Saharan Africa Adaverse research report: emerging economies in Africa, South Asia and Southeast Asia lead the global cryptocurrency adoption rate. Ukrainian plans to legalize cryptocurrency in Q1 of next year, Argentine President plans to open up free BTC trading.