57 Ukrainian Officials Declare Over 21,000 Bitcoins - MnTrendsNews


Thursday, 25 January 2018

57 Ukrainian Officials Declare Over 21,000 Bitcoins

A study of Ukrainian's Public officials asset declaration reveals that 57 officials have declared over 21,000 Bitcoins with the majority of the declarations coming from the Odessa region and most being in the Parliamentary position of the government.

According to opendatabot, 57 Ukrainian Government officials have declared 21,000 Bitcoins in the past 2 years.

The law requires them to declare their assets in an official electronic declarations process which has been designed to reduce corruption.

Opendatabot is a company that monitors registration data of companies and officials. The Company found out that the largest Bitcoin owners work in the Odessa region of the council, in second place is the Verkhovna Rada of Ukraine.

According to the reports, the officials have a total of 21,128, and this doesn't include the total cryptocurrency assets as alt coins and other crypto assets were not included.

Opendatabot found out that within 2 years, the largest cryptoassets declared by an official was by Dmytro Ivanovych Holubov who declared 4,376 BTC in 2015.

Right behind him in second position is Anatoliy Ihorovych Urbansky, Head of the Odessa Regional Council of the 7th convocation who declared 4,256.3278 BTC with a value of 111.1m in hryvnia as of December 2016.

In 2017 alone, about  195.4 million hryvnia (~$6.75 million) has been declared in cryptocurrencies.

In comparison with other investments, most officials have put their monies in cryptocurrencies.

Almost One third of the cryptocurrencies  declared was by the Odessa City Council Deputy Dmitry Palpatin Viktovovich. He declared 7,711 Bitcoin Cash (BCH) on the 1st of August, the day Bitcoin rolled out Bitcoin Cash, it was then worth 57.8 million hryvnia (~$2 million).

Even with all this data, the National Bank of Ukraine (NBU) doesn't recognize cryptocurrencies . And different bills proposing the regulation of the cryptocurrencies have not gone through.

The first two bills were introduced in October 2017, and the third supplements the second. It seeks to amend the Ukrainian tax code as to exempt the profits from the sale and purchase of Cryptocurrencies, but it was described as premature as the of the legal status of Bitcoin and other cryptocurrencies are still ongoing.

See Also: Wheat Exchanged For Cryptos In Turkey

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