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Ukraine could recover up to $10 billion in lost funds through stronger cryptocurrency regulation, according to a new RUSI report. The study warns that Russian actors are exploiting regulatory gaps to fund military procurement and launder money. Ukrainian lawmakers face a 2025 deadline to align with EU virtual asset standards.
- Russian actors exploit Ukrainian regulatory gaps to fund military procurement and launder money through crypto networks
- Money-mule networks drain $24 million monthly from Ukraine's budget, with criminals recruiting citizens for as little as $120 per operation
- Ukraine must implement EU-aligned virtual asset regulations by late 2025 to avoid FATF downgrade and secure financial stability
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Other Tags: European Union, FATF, Financial Action Task Force (FATF)