Ukraine’s National Agency on Corruption Prevention (NACP) has stated that it does not maintain specific data on declarations involving cryptocurrency holdings. This lack of granular tracking means the agency cannot provide statistics on the number of individuals who have declared digital assets or on any instances of inaccurate reporting related to them. While cryptocurrency is recognized and should be disclosed within the “Intangible Assets” section of official declarations during a full audit, the current legal framework does not mandate a separate categorization or separate tracking of these assets.
The NACP’s position, as detailed in a response to an inquiry by The Page, clarifies that while the agency does conduct thorough checks of asset declarations, it does not isolate cryptocurrency data. “Generalized information on the number of identified facts of indicating unreliable information about cryptocurrency, as well as accounting for declarations in which it is included, is not maintained by the NACP,” the agency representatives stated. For comprehensive insights into declaration verification results, the NACP directs individuals to its official website.
As of September 22nd, the NACP had completed its review of 647 declarations from 569 individuals, with an additional 322 declarations pending examination. These reviews have uncovered significant financial irregularities across various categories, including approximately ₴2.6 billion in discrepancies related to inaccurate information, ₴72.1 million in unjustified assets, and ₴180.1 million associated with illegal enrichment. However, the agency was unable to specify the total volume of cryptocurrency declared by Ukrainian citizens between 2021 and 2025, nor could it identify the most frequently declared digital assets or the highest reported sums within a single declaration.
Similarly, the State Tax Service, when approached with a comparable request for data, reportedly provided no concrete figures, instead referencing the existing tax regulations for income derived from virtual asset operations.
Despite the absence of specific regulatory tracking, Ukraine holds a prominent global position in cryptocurrency activity relative to its population. However, the nation has also faced substantial economic repercussions, estimated at a minimum of $10 billion, attributed to the lack of a comprehensive regulatory framework for the cryptocurrency market. Key risks identified by analysts include the unchecked operations of over-the-counter (OTC) platforms, the potential for cryptocurrency to facilitate the procurement of sanctioned components for military use, and involvement in money laundering schemes. The Verkhovna Rada of Ukraine has, however, advanced a digital assets bill, having supported it in its first reading.
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