📣Why is the legalization of crypto in Ukraine moving so slowly? 🧐 Cryptoassets of officials VS Transparency!
Many of us are eagerly awaiting the full and transparent legalization of the crypto market in Ukraine. But the process is dragging on. Why?
One of the key versions is the undeclared assets of Ukrainian officials.💸
If a significant part of the power structures holds millions in crypto (often obtained through corruption schemes), then full legalization becomes a real threat to them!
🔍 Declaration Requirement: New laws will force them to disclose these assets. This is a risk of exposing illegal enrichment.
🚫 Goodbye, Anonymity: Regulated exchanges and KYC (Know Your Customer) requirements will complicate the use of crypto to hide income and launder money (AML).
⚖️ Tax Burden: The necessity to pay taxes on profit.
Of course, there are other objective reasons (the complexity of regulation, taxes, the struggle between the NBU and the NCCPFR), but the factor of "shadow assets" can be a significant political obstacle.
They won't take it against themselves, and people who want to withdraw their $100 may face account blocking, etc.
