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 GRASS 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.
3 venues open Grass perps to traders in Ukraine.
Aster
gTrade
HyperliquidFour 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 Grass from Ukraine: not clearly regulated.
Regulator for Grass trading in Ukraine: National Securities and Stock Market Commission (NSSMC) licenses capital-market activity including derivative contracts; the National Bank of Ukraine (NBU) sets the currency restrictions; no authority currently supervises virtual assets.
For Ukraine residents trading Grass: Individuals are subject to 18% personal income tax plus a 5% military levy on crypto gains and income from virtual asset transactions.
5 platforms serve Ukraine for Grass trading, among them Aster, Extended and gTrade.