Is Ukraine on the Brink of Regaining $10B Through Crypto Reform?
TLDR
- Ukraine may recover $10 billion with proper cryptocurrency regulation.
- Criminals and Russian actors exploit Ukraine’s unregulated crypto market.
- Law “On Virtual Assets” passed in 2022 remains unenforced.
- Money mule operations cost Ukraine around $24 million every month.
- EU-aligned crypto reforms expected by the last quarter of the year.
Ukraine faces ongoing revenue losses due to crypto-related crimes, with estimates indicating a potential recovery of $10 billion. The Royal United Services Institute (RUSI) released a report highlighting regulatory gaps that criminals exploit. Proper oversight, the report argues, can help Ukraine recover billions in lost budget revenue.
