Ukrainian government reports $81M tax loss from unregulated crypto exchanges since 2013 By Cointelegraph
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According to data provided by the Ukrainian government, cryptocurrency exchanges offering services in the country have failed to contribute more than $81 million to the national budget in the last decade.
In an Aug. 2 notice, the Economic Security Bureau of Ukraine reported unrelated crypto exchanges were responsible for at least 3 billion hryvnia in lost taxes — roughly $81 million — from 2013 to 2023. The government body said it had analyzed trading activity of exchanges created by residents of Ukraine which had roughly $55 billion in (BTC), Ether (ETH) and (USDT) volume over the same time period.
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According to data provided by the Ukrainian government, cryptocurrency exchanges offering services in the country have failed to contribute more than $81 million to the national budget in the last decade.
In an Aug. 2 notice, the Economic Security Bureau of Ukraine reported unrelated crypto exchanges were responsible for at least 3 billion hryvnia in lost taxes — roughly $81 million — from 2013 to 2023. The government body said it had analyzed trading activity of exchanges created by residents of Ukraine which had roughly $55 billion in (BTC), Ether (ETH) and (USDT) volume over the same time period.
Continue Reading on Coin Telegraph
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