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Ukraine Eyes $10B Recovery Through Crypto Regulatory Reform
Ukraine Eyes $10B Recovery Through Crypto Regulatory Reform
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BTCCSquare news:
Ukraine stands to reclaim up to $10 billion in lost revenue by implementing robust cryptocurrency regulations, according to a Royal United Services Institute (RUSI) report. The unenforced 2022 Law "On Virtual Assets" has left gaps exploited by criminal networks and Russian-linked actors, costing the nation an estimated $24 million monthly in money-mule operations.
With one of the world's highest crypto ownership rates, Ukraine's unregulated market has become a haven for illicit financial flows. The pending EU-aligned reforms, expected by year-end, could transform the country's digital asset landscape while addressing critical tax evasion and security risks.
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