Ukrainian govt reports $81M tax loss from unregulated crypto exchanges since 2013

Ukrainian govt reports $81M tax loss from unregulated crypto exchanges since 2013

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Per recordsdata equipped by the Ukrainian govt, cryptocurrency exchanges offering services in the country delight in did not make contributions bigger than $81 million to the nationwide funds in the supreme decade.

In an Aug. 2 ogle, the Financial Security Bureau of Ukraine reported unrelated crypto exchanges had been to blame for a minimal of three billion hryvnia in misplaced taxes — roughly $81 million — from 2013 to 2023. The governmentphysique stated it had analyzed buying and selling job of exchanges created by residents of Ukraine which had roughly $55 billion in Bitcoin (BTC), Ether (ETH) and Tether (USDT) quantity over the same timeframe.

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