The Ukrainian National Agency for Prevention of Corruption (NAPC) has come up with a set of rules on the process of cryptocurrency holdings declaration. It is said that the crypto owned will be classified under intangible asset.
Reportedly, the declaration should be submitted before the end of April and the value of crypto owned should be in Ukrainian Hryvnia. Those who need to declare their crypto holdings are politicians and officials, people with income from foreign countries, and self-employed specialists who are not registered as private entrepreneurs.
Notably, some Ukrainian officials have already been declaring their crypto holdings since 2016, even before the detailed guideline was released. Based on the year 2017, the wealthiest declarant was Odessa, Deputy Dmitry Palpatin, who had over $134 million in Bitcoin.
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