The number of declarations mentioning cryptocurrencies is growing from year to year. More than 1,400 such declarations were filed in 2022. Bitcoin, Ethereum, and Tether are the most popular among Ukrainian officials. For example, in 2022, one of the Ukrainian MPs declared 121 bitcoins worth over UAH 195 million.
Ukrainian officials filed 1428 declarations with cryptocurrency assets in 2022. This is almost twice as many as in 2021: back then, crypto appeared in 788 declarations.
In the 2021 declarations, the most popular cryptocurrencies among Ukrainian officials were Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and others. In 2022, the top positions did not change radically: Bitcoin (BTC) and Ethereum (ETH) were still in demand, and Tether (USDT) joined the top three.
Which Ukrainian officials declared the most cryptocurrency?
First of all, it is worth noting that the declarants submit their assets both in hryvnia equivalent and simply by indicating the number of cryptocurrency units in their possession.
Bitcoins / Bitcoin (BTC)
In 2021, the largest amount of bitcoin was declared by Anna Pozdnyakova, Director of the Odesa City Heat Supply Utility, which amounted to UAH 53 million. A year later, Deputy Head of the Dnipro Regional State Administration Sergiy Karpenko took over the top spot. He owns bitcoins equivalent to UAH 41 million.
The largest amount of bitcoins in 2022 – 121 BTC – was declared by Mykyta Kuzkevych, a deputy of the Odesa Regional Council. In hryvnia equivalent, at the time of publication, this is more than UAH 195 million.
Ethereum (ETH)
Serhii Karpenko, the official from Dnipropetrovs’k region who declared the largest amount of bitcoins, has also been the record holder for the amount of ethereum for two years in a row. In his declarations for 2021 and 2022, the official noted that he had the same amount of equivalent for this cryptocurrency – UAH 14.6 million.
Crypto dollars / Tether (USDT)
Vitaliy Brovko, Deputy Head of the Department of the Prosecutor General’s Office, declared the most crypto dollars or stablecoins in 2021 – 774,500 units. The same official holds the record for the largest amount in equivalent – UAH 20 million.
The official also held the top spot among the declarants for 2022. The number of crypto dollars in his possession did not change, but their value increased to more than UAH 29 million.
At the same time, the largest amount of crypto dollars/stablecoins was declared by Maksym Kyselyov, Director of the State Enforcement Service Department of the Ministry of Justice of Ukraine, who earned UAH 25 million.
The biggest losses in crypto
It is also worth noting that there are several officials who have declared their crypto assets but have indicated that they have lost access to them.
380.95 bitcoins, a record amount among Ukrainian officials, were declared and lost by Roman Saramaga, Deputy Head of the State Service of Geology and Subsoil of Ukraine, in 2021. In hryvnia terms, at the time of publication, this is about UAH 615 million.
The largest amount of ethereum – 1,800 units or more than UAH 160 million – belongs to Ihor Osipov, a deputy of the Podil District Council of Odesa Oblast. In 2021 and 2022, the official stated in his declarations that he had lost access to cryptocurrency.
“Having analyzed a large number of declarations, first of all, it is worth noting their poor quality. It seems that officials spend 5 minutes on declarations on the last day of submission. Despite the fact that there is already a special section where it is necessary to indicate assets in crypto, almost all crypto holdings are filled in differently, with errors and in different parts of the declarations.
Overall, the statistics show that ownership of such an opaque asset as cryptocurrency is not something risky or suspicious for officials. After all, the number of such officials has almost doubled over the past two years,” comments Oleksiy Ivankin, founder of Opendatabot.
Context.
Since the beginning of the full-scale invasion, the mandatory verification of officials’ declarations has been temporarily canceled. Despite this, the obligation of officials to report on their property status and changes in it has not been canceled.
Last fall, the verification of declarations was resumed. Therefore, Ukrainian officials had to catch up with the previous period (2021 and 2022) by the end of January 2024.
The deadline for submitting declarations for 2023 remains the same – April 2024.
As a reminder, you can check your MP’s declaration using the Opendatabot. To do this, add the OpenDataBot to your favorite messenger and enter the name of the official.
https://opendatabot.ua/analytics/crypto-officials-2022
Bitcoins, CRYPTOCURRENCY, cryptocurrency assets, CryptoDollars, Ethereum
The rate of bitcoin fell by 4% during trading on Thursday after the publication of data on higher-than-expected inflation in the United States.
The price of bitcoin at 16:11 CST fell by 4.4% compared to the closing level of the previous trading and amounted to $18,312 thousand, which is the lowest level since June 18.
The rate of ether (Ether) fell by 6.6%, to $1.212 thousand.
Consumer prices (CPI index) in the US in September rose by 8.2% compared to the same month last year, showed data published on Thursday by the country’s Ministry of Labor. Thus, inflation slowed to a seven-month low from 8.3% in August, but was higher than the 8.1% expected by analysts polled by Bloomberg.
On a monthly basis, the CPI index increased by 0.4%, although analysts were expecting a rise of 0.2%.
Meanwhile, consumer price growth excluding the cost of food and energy (Core CPI) in September accelerated to 6.6% in annual terms from 6.3% in August.
“The whole world is looking at US inflation data to try and predict what the Fed is doing,” said Stefan Rast, founder of research firm Truflation.
Higher-than-expected inflation raises the possibility of another 75 basis point rate hike at the next Fed meeting on November 1-2.
