In the Verkhovna Rada of Ukraine, they’ve registered draft law No. 15260, which is positioned as yet another tool in the fight against corruption among officials. However, an analysis of the legal changes indicates that not only public servants will be in the crosshairs, but also ordinary citizens with 'gray' incomes. For the Ukrainian crypto market, which has been operating without a legal tax framework for years, this creates a serious precedent.
What exactly does the document change?
Right now, the mechanism of civil confiscation (when assets are taken without a criminal verdict if their value is not backed by official income) mainly operates through the NACP and SAP concerning top officials. Bill No. 15260 provides the National Police with full tools for working within the civil process.
The police will gain the right:
Direct free access to all state registers, databases, and automated systems (including information with limited access).
Official collection of evidence regarding the unfounded nature of any assets (real estate, vehicles, corporate rights, bank accounts).
Initiating the seizure and search for assets whose origin is questionable, with the aim of further confiscation for state revenue.
Why is this directly related to crypto traders?
The main problem for Ukrainian crypto traders is the complete lack of a clear legal mechanism for legalizing profits. The 'On Virtual Assets' law is still effectively dead due to Hetmantsev's position and the absence of tax changes. As a result, most operations (especially P2P exchanges) go through individuals' bank cards as 'transfers from relatives' or 'debt repayments.'
If the bill is passed, the risk scheme will look as follows:
Card fraud and monitoring: The National Police, investigating a hypothetical case of cyber fraud or fictitious entrepreneurship, sees a chain of P2P transfers in bank statements.
Mismatch in the declaration: Investigators note that a citizen buys an apartment, a luxury car, or simply accumulates millions in bank accounts while having an official certificate of minimum wage or a zero report as an individual entrepreneur.
Burden of proof: Unlike criminal law, where the presumption of innocence applies ('prove that I stole'), in cases of unfounded assets, the presumption of guilt applies. It is enough for the police to show a gap between legal income and purchased assets. The owner will have to prove that the money was earned on the spot market or futures.
And since there is still no official tax reporting mechanism for crypto in Ukraine, any screenshots from Binance or on-chain transactions in Etherscan are a questionable argument for Ukrainian courts without proper legalization.
Author's observation @MoonMan567
Bill No. 15260 is a logical step by the state towards full financial transparency under the guidance of international donors. However, it creates a dangerous imbalance.
The state has yet to provide crypto traders with a legal, clear tool for tax payment and declaration of digital assets, but is already expanding the toolkit for law enforcement to confiscate what was purchased with those earnings.
Trends are changing: if previously the police were looking for a crime, now it is enough for them to find property and cross-check it with your tax cabinet. For the P2P market, this is a direct signal that the era of uncontrolled liquidity hunts through cards is coming to an end.
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