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57 Ukrainian officials declare over 21,000 bitcoins – media

The National Bank currently does not recognize cryptocurrencies as means of payment
18:38, 26 January 2018

Open source

A study of Ukrainian officials’ income declarations conducted by Opendatabot revealed that 57 civil servants had declared more than 21,000 bitcoins (BTC) as intangible assets over the period of the previous two years, UNIAN reports.

Related: Phenomenon of bitcoin: What benefit could Ukraine get from digital hryvnia?

The majority of cryptocurrency holders turned out to be members of the Odesa regional council and the National Parliament of Ukraine. Another study finds that in 2017, the most cryptocurrency declared by Ukrainian officials was bitcoin cash, according to Bitcoin.com.

Related: Cryptocurrency analyst kidnapped in Kyiv let go on $1 mln ransom in bitcoins

“According to the research, officials have a total of 21,128 bitcoins,” RBC reported, noting that the figure is merely an estimate and does not include altcoins or any other crypto assets declared in the national currency.

Related: Legal status of Bitcoin in Ukraine to be considered in August

The National Bank of Ukraine currently does not recognize bitcoin or any other cryptocurrencies as legitimate means of payment. A number of bills regarding the regulation of cryptocurrencies in Ukraine have been submitted, but none of them was adopted.

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