Ukraine Eyes $10 Billion Recovery Through Effective Cryptocurrency Regulation

Losses due to cryptocurrency crime are costing Ukraine billions of dollars, with an estimated $10 billion in potential recovery possible if proper regulations are implemented. A new report by the Royal United Services Institute (RUSI) reveals that criminals are exploiting Ukraine’s unregulated crypto market for their own benefit, costing the nation crucial revenue. The study highlights a need for robust cryptocurrency regulations to facilitate law enforcement, curb money laundering, and leverage significant tax revenue from exchanges.