With the adoption of the bill on the taxation of income from virtual assets, the taxation scheme is promised to change to a taxation of net income (profits minus losses), which corresponds to practices worldwide. However, as of today, unfortunately, EVERYTHING you withdraw from the exchange to fiat is considered by the tax authorities of Ukraine as your income. Our tax authorities view crypto as an intangible asset, and accordingly, tax arises at the moment of receiving income from this asset - this may be a sale/exchange for fiat or the purchase of goods or services for crypto. But, as long as it is on the exchange, there are no obligations to pay taxes.