Ukraine's BEB uncovers conversion center with 23.5 billion hryvnia turnover
- —Monthly turnover of the shadow scheme was about 500 million hryvnia
- —Total transaction volume reached 23.5 billion hryvnia
- —Potential tax evasion is estimated at about 3 billion hryvnia
- —Fifty searches were conducted, with large amounts of cash seized
Why it matters: The case highlights how cryptocurrency is used in shadow settlement schemes, increasing pressure on exchanges and the P2P segment.
Source: Incrypted