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Ukraine: a 19-year-old with 185k Monero in government
Ukraine: a 19-year-old with 185k Monero in government
Altcoin

Ukraine: a 19-year-old with 185k Monero in government

By Alfredo de Candia - 9 Dec 2020

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A politician in Ukraine has included in his financial statements that he is in possession of Monero.

Indeed, the elections for the city council of Kramatorsk in which Rostislav Solod took part have just ended, and he won as deputy in the city council.

As for every public office held, the financial information of its members is published and here we can see Rostislav’s statement, which revealed that he is in possession of 185 thousand Monero (XMR).

The frightening figure, which is currently around $24 million, was acquired in December 2015, when XMR was then worth $0.36, with a return today of more than 36,000%.

In Ukraine, an order has been issued under the name of NACP (Ukrainian National Agency on Corruption Prevention) to force the reporting of any crypto that everyone holds, especially if they are part of the public administration.

The declaration should not only include the type of crypto held but also the quantity, the date of purchase and the relative value of the asset held, putting in writing private information that could not be disclosed in any other way.

With Monero’s blockchain, it’s almost impossible to trace a name behind an address and it’s not even possible to know the amount of XMR that each wallet holds, protecting the owner with a sort of shield on the information.

Ukrainian government and Monero

In any case, this is good news seeing that not only a very young person is in government, but he also holds a crypto that is not even among the most common, like Bitcoin (BTC) or Ethereum (ETH).

Let’s not forget, however, that if on the one hand, it is impossible to associate a wallet to a name, on the other, there are advanced tools to track the movements of this crypto, considering also the two patents of CipherTrace, which are de facto undermining the freedom of XMR users.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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