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Ukraine is witnessing an upward trend in crypto savings

Ukraine is witnessing an upward trend in crypto savings

Cryptocurrencies, similar to cash or bank account balances, are increasingly becoming a form of savings.

This was stated by the head of the National Agency for Prevention of Corruption, Viktor Pavlushchyk, in an interview with Glavcom, reports Ukrinform.

“Every year the amount of funds declared in cryptocurrencies increases: they are used by both average citizens and government officials. A few years ago, almost no one knew about it, and now it is the same type of savings as cash or funds.” “Cryptocurrencies are tracked through blockchain tools. They are also subject to lifestyle screening and monitoring.”

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Pavlushchyk recalled that the NACP has already registered violations on the part of officials in cryptocurrency turnover.

“For example, the deputy head of the service center of the Ministry of Internal Affairs in the Mykolaiv region reported a cryptocurrency worth UAH 100 million, but was unable to prove that it actually existed,” the head of the agency said.

As Ukrinform previously reported, the NACP, together with cyber police, uncovered false reports of cryptocurrency savings in three asset declarations filed by government officials.