Binance, the World’s largest crypto exchange gives an update: “Ukraine has become one of the most crypto-oriented countries in the world”. Ukraines crypto transactions bewteen July 2023 and July 2024 reached USD 106 billions. But why? Ukrainians try to dump their local currency and become independent from local bank accounts, for reasons of inflation, security and freedom. But this sums up to only USD 1 billion over a period of some years. Sources tell that unaccounted or misappropriated foreign aid is converted into crypto for motives of money laundering – a matter to be reviewed by the competent US/EU investigative bodies.
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