Ukraine Has Lost At Least $10B to Crypto Crime: RUSI

In brief

  • Ukraine could recover up to $10 billion lost to unregulated crypto activity with more stringent regulation, according to the Royal United Services Institute.
  • A new RUSI report noted that Russian actors are exploiting regulatory gaps to fund military procurement and spread drugs.
  • Ukrainian lawmakers face a 2025 deadline to align with EU rules and plug financial risks.

Ukraine could recover at least $10 billion in stolen funds and lost tax revenue if it were to implement a more comprehensive cryptocurrency regulation framework, according to a report published by the Royal United Services Institute (RUSI).

The UK-based defence and security think tank warned that without swift action, Ukraine risks further erosion of its finances…

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