Report Claims Ukrainian Officials Hold Over $2.6 Billion in Bitcoin

Saturday 10 April 2021, 6:03 PM AEST - 2 months ago

Ukrainian Officials Hold Over $2.66 Billion Worth in Bitcoin, Report Shows

The latest declarations from Ukrainian public officials revealed a billion-dollar amount of money they allegedly own in bitcoin. An online incentive gathered data from 791,872 state employees and 652 respondents disclosed their crypto holdings.

The Biggest Crypto Holder in the Report Has 18,000 BTC

According to the Opendatabot site, officials currently hold a total of 46,351 BTC, which is worth over 75 billion hryvnias ($2.66 billion) as of press time. The declarations 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 (ETH), litecoin (LTC), cardano (ADA), stellar (XLM), IOTA, bitcoin cash (BCH), and bitcoin gold (BTG) are the other cryptos in which the officials have invested.

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 prosecutors office and village councils across Ukraine.

So far, the official with the highest amount of bitcoins is Mishalov Vyacheslav Dmitrovich, a Deputy from the Dnipro City Council as he held 18,000 BTC at the time of the filings.

In the wake of the Opendatabots results, the Minister of Digital Transformation, Mykhailo Fedorov, the collective filings, saying that it shows how the countrys officials are becoming more progressive and far-sighted investors than we thought.

Anti-Corruption Agency Issues Warning on Officials Who Could Have Provided Inaccurate Data

But the fact that a report like this has been made public was not well received by everyone in the country.

Sergiy Petukhov, ...

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