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 VVV 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.
5 venues open Venice Token perps to traders in Ukraine.
Aster
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 VVV from Ukraine: not clearly regulated.
For Ukraine residents trading Venice Token: Individuals are subject to 18% personal income tax plus a 5% military levy on crypto gains and income from virtual asset transactions.
Ukraine traders can fund Venice Token positions using Local bank card to a foreign crypto venue, Bank transfer (hryvnia, domestic) and USDT P2P.
Ukraine residents can trade Venice Token on 8 platforms, including Aevo, Aster and dYdX.