The post Tether, Bitcoin most popular with Ukraine officials, crypto declarations double during war appeared on BitcoinEthereumNews.com.

A growing number of officials in Ukraine are investing in cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) while the U.S. dollar-pegged stablecoin Tether (USDT) is the most popular store of value among the digital assets in their possession. Declarations of government employees reporting crypto holdings have more than doubled since the beginning of Russia’s full-fledged invasion of the country three years ago. According to a new study, such filings have increased by 10% only in the course of the past year. Over 2,000 Ukrainian officials declare crypto assets in 2024 Ukrainians working for the government are increasingly reporting cryptocurrency holdings on annual declarations required by national law. 2,113 such filings have been registered in 2024, the crypto news outlet Forklog unveiled, quoting a recently published study. According to the information gathered by the public registry data monitoring service Opendatabot, the number of crypto declarations filed last year was 2.2 times higher than before the start of the full-scale war with Russia in early 2022, confirming a rising trend. In 2024 alone, declarations mentioning cryptocurrency increased by 10% over the previous year – 1,917 were filed in 2023. The number jumped from 960 in 2021 to 1,481 in 2022, the year when the armed forces of the Russian Federation attacked Ukraine by land, air and sea. The report reveals that the USD-backed stablecoin Tether, listed in a little more than 6% of the declarations, has been the most popular choice last year. Meanwhile, Bitcoin, the largest cryptocurrency by market cap, comes second with 5.5%, followed closely by Ethereum at 5.4%. Another 3.1% of the officials keep money in XRP and 2.4% have invested in DOGE. “Officials most frequently declare Tether (USDT), with 802 government employees reporting holdings. Despite market fluctuations, Bitcoin (BTC, XBT) remains in second place, appearing in 731 declarations.…

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Filed under: News - @ April 4, 2025 2:28 pm