The Use of Cryptocurrencies as Savings Has Increased in Ukraine

The head of the National Agency on Corruption Prevention (NAPC) noted that cryptocurrency is just as much a means of accumulation as cash or bank deposits. Therefore, each year, both ordinary citizens and public officials increasingly turn to cryptocurrencies for saving purposes.

Regulator Monitoring and Checks

Digital assets are subject to monitoring through blockchain tools and can be tracked during inspections. The NAPC actively records cases of violations related to the failure of officials to declare their cryptocurrencies. This means that cryptocurrencies are becoming part of the official asset monitoring processes for public servants.

Declaration Violations

The head of NAPC provided a specific case in which the deputy head of the Regional Service Center of the Ministry of Internal Affairs (MIA) in Mykolaiv Oblast declared ownership of

Bitcoin worth 100 million UAH. However, he was unable to prove the existence of these assets, which became a violation of the declaration rules.

At present, electronic funds are most popular among representatives of the National Police and the Prosecutor's Office.