Crypto crimes cost Ukraine billions annually in lost revenue
Ukraine’s cryptocurrency market still operates in the shadows, creating favourable conditions for criminal activity and costing the state over $10 billion annually.
Ukraine’s unregulated cryptocurrency market provides fertile ground for criminals, corrupt officials, and Russian agents. Despite having one of the highest rates of crypto ownership in the world, cryptocurrency remains outside the legal framework. Read the full article to learn what key obstacle stands in the way of a transparent market and how financial crimes in the virtual assets sector are costing the state billions.