Ukraine is the case where the framework exists on paper and has no legal force. Spot is neither banned nor regulated - it sits outside the legal perimeter.
Leveraged derivatives are a separate question with a separate answer. Derivative contracts are capital-market instruments that require an NSSMC licence, and the statutory list of things a derivative may be written on does not include virtual assets, so crypto perpetuals and CFDs cannot be licensed in Ukraine at all; there is no domestic venue for them, and no criminal provision aimed at the retail trader either.
A perpetual on AAVE tracks price and does not confer ownership of the underlying — the same contract mechanics apply in every jurisdiction; what differs by country is legal status and funding rails.
9 venues open Aave perps to traders in Ukraine.
ApeX
Aster
Avantis
Ethereal
gTrade
Hyperliquid
ParadexFour steps from sign-up to an open position.
Individuals are subject to 18% personal income tax plus a 5% military levy on crypto gains and income from virtual asset transactions.
Trading Aave from Ukraine: not clearly regulated.
For Ukraine residents trading Aave: Individuals are subject to 18% personal income tax plus a 5% military levy on crypto gains and income from virtual asset transactions.
For Aave traders in Ukraine: In practice Ukrainians verify on foreign platforms under those platforms' own rules.
Ukraine residents can trade Aave on 12 platforms, including Aevo, ApeX and Aster.