Getmantsev: the bill on virtual assets will not allow for the legalization of corruption among officials
Date: 2025-05-02 Author: Oliver Abernathy Categories: IN WORLD
Daniil Getmantsev, Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, denied rumors that the bill on virtual assets could be used to legalize illegally obtained funds of officials. He called this information "betrayal" and emphasized that the bill provides for strict measures against corruption.
Getmantsev recalled that all civil servants are required to declare their income and property, including any virtual assets. If an official fails to indicate any asset in his declaration or cannot explain the origin of the funds for its acquisition, this may lead to criminal punishment.
"If an official or deputy declares cryptocurrency that is not indicated in his declaration, he faces prison. If he cannot explain how he acquired the cryptocurrency, he will also be punished,” Getmantsev said, adding that such a practice will help strengthen the fight against corruption.
On March 31, 2025, the deadline for filing declarations for 2024 ended, and the editorial team of Incrypted analyzed the information on cryptocurrencies indicated in the declarations of officials. According to this analysis, significant amounts of cryptocurrency were recorded in Ukraine, including hundreds of thousands of USDT and dozens of bitcoins. This information became the basis for compiling a rating of large owners of digital assets among civil servants.
In addition, on April 24, 2025, the Verkhovna Rada of Ukraine supported the updated bill on virtual assets. This bill should provide clearer rules for regulating cryptocurrencies and other digital assets in the country.
During the discussion of the bill, the Incrypted team also talked to representatives of the National Securities and Stock Market Commission to find out their position on the regulation of crypto assets and control over their circulation.
