Ukrainian Deputy Oleksandr Kalutskyi has been suspended amid an investigation for failing to declare over $4.77 million in cryptocurrency assets. The National Anti-Corruption Agency (NAPC) revealed that Kalutskyi did not include these assets in his financial disclosures from 2022 to 2024, highlighting a gap in Ukraine's ability to track digital assets.
The NAPC admitted it currently lacks a dedicated system for monitoring cryptocurrency, requiring officials to report such holdings under a broad 'intangible assets' category. If found guilty, Kalutskyi could face up to two years in prison, underscoring the challenges in enforcing anti-corruption measures in the digital asset space.
Ukrainian Politician Suspended for Concealing $4.77M in Crypto
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