April 17, 2021

Ukrainian officials declare 75 billion hryvnia in cryptocurrency

Ukrainian officials declare 75 billion hryvnia in cryptocurrency

652 Ukrainian officials have declared 46351 bitcoins totaling over UAH 75 million.

In the top five largest holders deputy of Dneprovskycity ​​council Vyacheslav Mishalov. He indicated 18,000 BTC (over $ 1 billion). Petr Lensky, an employee of the Ministry of Health Care of Ukraine, together with his wife, declared 6,528 MTC.

People's Deputies Alexander and Anatoly Urbansky have declared 5328 and 4256 MTC respectively for three years in a row.

Government officials prefer to invest in Bitcoin, Ethereum and Litecoin.

Ukrainian officials declare 75 billion hryvnia in cryptocurrency

According to this information, Ukrainian officials hold more than half of MicroStrategy's entire bitcoin treasury.

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Cryptocurrencies in Ukraine have no legal status.The tax authorities are unable to trace the origin of the coins. This increases the risks of abuse and money laundering by officials. The Minister of Digital Transformation Mikhail Fedorov wrote in his Telegram channel:

Or they fantasized them in order to justify their cash and whiten money later, or we have more progressive and far-sighted investors than we thought

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