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.
The contract itself does not change by geography: a TAO perpetual settles in USDC everywhere.
10 venues open Bittensor perps to traders in Ukraine.
ApeX
Aster
Avantis
gTrade
Hyperliquid
Paradex
Reya
VestFour 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 TAO from Ukraine: not clearly regulated.
For Ukraine residents trading Bittensor: Individuals are subject to 18% personal income tax plus a 5% military levy on crypto gains and income from virtual asset transactions.
In practice Ukrainians verify on foreign platforms under those platforms' own rules.
On Canborsa, Bittensor trading from Ukraine costs 0.07% per side.