Ukrainian public officials own $2.6 billion in bitcoin.

The latest declarations from Ukrainian public officials revealed a billion-dollar amount of money they allegedly own in bitcoin.

According to the Opendatabot site, Ukrainian public officials currently hold a total of 46,351 BTC, which is worth over 75 billion hryvnias ($2.66 billion) as of press time. The declaration’s campaign ended on March 31, 2021. But bitcoin is not the only cryptocurrency found among the collective filings of Ukraine state employees. Per the report, ethereum, litecoin, Cardano, Stellar, IOTA, bitcoin cash, and bitcoin gold are the other cryptos in which the public officials have invested.

 

Deputy from the Dnipro City Council owns 18,000 BTC.

Most Ukrainian crypto-holding state employees work in city councils, the Ministry of Defense, and for the National Police, said Opendatabot. However, there are also crypto holders who work in the prosecutor’s office and village councils across Ukraine. The official with the highest amount of bitcoins is Mishalov Vyacheslav Dmitrovich, a Deputy from the Dnipro City Council, as he held 18,000 bitcoins at the time of the filings. The Minister of Digital Transformation, Mykhailo Fedorov, praised the collective filings, saying that it shows how the country’s officials are becoming more “progressive and far-sighted investors than we thought.”

 

Public officials are required to disclose crypto holdings. 

The fact that a report like this has been made public was not well received by everyone in the country. The head of the Mandatory Inspections Department at the National Agency for Prevention of Corruption, Sergiy Petukhov, stated that his office conducted 250 checks this year, including bitcoin’s holdings of state employees. He added that some officials claimed their filings had mistakes and warned about Opendatabot’s results. He warned, “If we find that the information provided about the possession of cryptocurrency is inaccurate – this is the basis for administrative or criminal liability.” Ukrainian officials are required to reveal their assets in an official electronic declarations process designed to reduce corruption in the country. 

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Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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