The National Agency for Prevention of Corruption (NABU) has reported that it does not maintain a separate record of declarations that include digital assets, including cryptocurrencies. The agency also lacks statistics on identified cases of inaccurate declaration of crypto assets.
This is reported by Finway
Lack of Separate Statistics on Cryptocurrency
NABU explained that during a full verification of declarations, information about cryptocurrencies is taken into account and should be included in the section “Intangible Assets.” At the same time, legislation does not provide for maintaining separate records of documents with cryptocurrency assets. Therefore, the agency does not have an official number of declarations with cryptocurrencies or data on violations related to such assets.
“General information on the number of identified cases of inaccurate reporting regarding cryptocurrency, as well as the record of declarations that include it, is not maintained by NABU,” the agency representatives stated.
NABU recommends reviewing the results of declaration checks on the official website of the agency.
Results of Declaration Checks and the Situation with Crypto Assets
As of September 22, the agency has checked 569 individuals who submitted a total of 647 declarations, while another 322 declarations are still under review. As a result of the checks, violations were identified amounting to the following sums:
- 2.6 billion hryvnias — for inaccurate information;
- 72.1 million hryvnias — for unjustified assets;
- 180.1 million hryvnias — regarding illegal enrichment.
Despite this, the agency was unable to provide an answer regarding the total amount of cryptocurrency that Ukrainians declared from 2021 to 2025. There is also no data on the most common types of digital assets in declarations or the maximum amounts of crypto assets listed in a single document.
The State Tax Service also did not provide specific information regarding the volumes of declared cryptocurrency, only reminding about the existing taxation procedure for individuals’ income from transactions with virtual assets.
It is worth noting that in Ukraine, digital assets cannot be used for payments for goods and services, and there are no plans to include them in state reserves. At the same time, Ukraine ranks first in the world in terms of crypto activity relative to its population.
According to analysts’ estimates, the lack of comprehensive regulation of the cryptocurrency market has already cost Ukraine at least 10 billion dollars. Among the main risks, experts cite the activities of uncontrolled over-the-counter platforms, the use of digital assets to purchase sanctioned goods for the Russian army, and money mule operations.
As a reminder, the Verkhovna Rada of Ukraine supported in the first reading a draft law on digital assets aimed at regulating the status and circulation of cryptocurrencies in the country.