Ukraine to Block Crypto Wallets for Illicit Funds, Finance Minister Says

Cointelegraph

Published Jan 24, 2020 12:22PM ET

Updated Jan 24, 2020 02:02PM ET

Ukraine to Block Crypto Wallets for Illicit Funds, Finance Minister Says

Ukrainian authorities will be able to “block crypto wallets” in order to seize illegally obtained assets, a notice on the country’s Ministry of Finance says.

Oksana Markarova, Ukraine’s Finance Minister, reportedly said that the State Financial Monitoring Service of Ukraine (SFMS) will be the responsible authority for tracking the sources of origin of the funds on citizens’ crypto wallets.

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