Ukrainians Own 45,000 Bitcoins

bitcoin crypto holdings ukraine april 2021

Civil servants, policemen, diplomats, and overall 652 Ukranians have declared they own bitcoin and other cryptos following a law that requires declaration of crypto holdings. Overall 46,351 bitcoins have been declared, worth $2.6 billion, a significant sum for this country that has a GDP of $150 billion for a population of 44 million. Data shows 397 officials have declared ownership of bitcoin while 157 officials have declared ownership of ethereum. That has grown significantly from just 25 in 2016, and has increased by more than 30% from 424 in 2019 according to open data. That is probably in part because inflation there has jumped to 7.5%, up from the usual 2% last year. In addition tensions have increased again following a plunge in the domestic popularity of Valdimir Putin, Russia’s president. Apparently they mobilizing troops next to Ukraine’s borders, with the Polish foreign minister to visit Ukraine on their invitation.…

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