Ukraine & Security
The use of cryptocurrencies is not prohibited in Ukraine, but they are not widely accepted either. They are mainly seen as one of the tools of the economy"...Instead, companies that don't want bureaucracy or disclosure of information to authorities or banks use crypto for money transfers. "This creates opportunities for illegal money transfers, tax evasion and money laundering, and makes it more difficult for the authorities to distinguish legitimate business from criminal activity," Ihnantenko says. Cryptocurrencies are also used by ordinary Ukrainians for cross-border transfers. "For example, if you have a relative abroad, it is very common for people to use virtual assets to send and use money in EU countries."
