Ukraine claims $81m tax gap from unregulated crypto exchanges
Ukrainian authorities allege crypto exchange s have evaded over $81 million in contributions to the national budget over the past ten years. A tweet from Aug. 2 highlighted that non-affiliated crypto exchanges were accountable for a tax deficit of at least 3 billion hryvnia, approximately equivalent to $81 million. The amount covers the period from 2013 to 2023. Бюджет втратив 3 млрд грн податків від діяльності криптобірж Деталі https://t.co/9ZyXZjsLOl pic.twitter.com/mXz2fPpPf9 — Economic Security Bureau of Ukraine (@ESBU_gov_ua) August 2, 2023 In an Aug. 2 announcement, the Economic Security Bureau of Ukraine shared the results of an Analysis of trading activities on exchange s established by Ukrainian residents. The government authorities state that Ukranian exchanges would have participated in about $55 billion worth of trading across digital assets from 2013-2023. Considering that each exchange in the country determines its trading fee for transactions, which may b...