Newly Appointed Ukrainian Politician Declares Owning Over $ 24 Million in Monero

A 19-year-old Ukrainian politician revealed all the property he owns during an anti-corruption procedure, which is mandatory for all public officials in Ukraine, who revealed he holds millions of dollars worth of monero (XMR).

19-year-old Ukrainian politician Reveals His Monero Holdings

Rostislav Solod, a newly appointed member of the city council in Kramatorsk, Ukraine, announced that he owns 185,000 XMR, worth $ 24,534,700, according to data from, plus real state, cars , its stock.

The release was issued on December 2, 2020, in which Solod noted that he became the owner of a crypto fortune back in 2015 when he was 14, and XMR was trading at $ 0.50 a penny. The acquisition was then classified in the “property” category of the document.

Solod is the son of Natalia Korolevska and Yuriy Solod, well-known Ukrainian politicians who are members of the national parliament, the Verkhovna Rada.

However, in the crypto community, they are also known for being absent during the first hearing of the draft bill on digital assets passed in early December.

Ukraine passed its First Draft Bill on Digital Assets

According to the bill, digital assets in Ukraine are defined as “a set of data in electronic form” that “can be the independent object of civil transactions, as well as the certification of property rights or not.” However, the law does not regard virtual assets as a legal tender.

Back in March 2020, the Ukrainian National Agency on Corruption Prevention (NACP) issued a document detailing how Ukrainian officials must report cryptocurrencies on income statements as part of the national anti-corruption measures.

Under the new guidelines, cryptos are categorized under the “intangible asset” section. Although the document is targeting officials, the statement must also be submitted by individuals with foreign incomes, including freelancers.

In terms of crypto adoption, Ukraine is at the top of the Global Crypto Adoption Index 2020 compiled by blockchain data analytics firm Chainalysis and published on September 9, 2020, followed by Russia, China, South Africa, Nigeria, Kenya, and the US

What are your thoughts on this anti-corruption measure in Ukraine? Let us know in the comments section below.

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