It is estimated that over 5.5 million people, 12.7% of Ukraine’s total population, currently own cryptocurrency. The number of owners is smaller than in India, Russia, the United States, and Nigeria, while the percentage of the population is higher.
According to Triple A, Ukraine sent $8.2 billion worth of cryptocurrency and received $8 billion worth from July 2019 to June 2020.
Five major crypto owners are Russia (17.3 million owners, 11.9%), Venezuela (2.9 million owners, 10.34%), Kenya (4.5 million owners, 8.52%), the United States (27.4 million owners, 8.31%).
In early September, the Verkhovna Rada of Ukraine passed at second reading and on the whole Bill No. 3637 “On Virtual Assets”, which establishes a mechanism for the legal regulation of virtual assets in Ukraine, legitimizing the cryptocurrency market.
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