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Local Council Member in Ukraine Declares 124 BTC and 500 Tesla Shares

A government official in Rivne region of Ukraine owns close to $8 million in cryptocurrency and 500 Tesla shares, his declaration shows. The news comes as another Ukrainian lawmaker in Kyiv has found it hard to prove possession of the crypto holdings on her asset statement.
Ukraine Officials Declare Crypto Assets, Fail to Provide Proof of Ownership
Crypto investments have enjoyed a growing popularity among Ukrainian politicians in recent years, mandatory asset statements have revealed. According to recent media reports, a member of the Virovsky Village Council in the western Rivne Oblast has declared having 124 BTC worth almost $8 million in today’s prices.
Vladimir Pachesny acquired the coins in early 2013 for 73,920 hryvnia at the time of purchase, a little over $2,800, using the latest exchange rate of the inflated Ukrainian fiat currency. In 2019, the 36-year-old local deputy also bought 500 shares of the U.S. electric vehicle company Tesla which pushed crypto prices up this yea

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