Share this article
Ukraine's Digital Ministry to Trace Suspicious Crypto Using Crystal Blockchain Software
Government officials hope the partnership will fast-track the maturation of Ukrainian crypto markets.
By Danny Nelson
Updated Sep 14, 2021, 9:35 a.m. Published Jul 24, 2020, 4:49 p.m.
Ukraine’s Ministry of Digital Transformation signed a deal last week with BitFury’s crypto-tracing spin-off Crystal Blockchain B.V. to kick-start the government’s virtual asset monitoring initiative, a company executive told CoinDesk.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Crystal Chief Executive Marina Khaustova said ministry officials who oversee Ukraine’s digital pivot and maintain links with the Ministry of Finance will use the company’s software to trace the origins of suspicious crypto transactions.
- Finance ministry officials have previously said they will trace all crypto transactions over $1,200 in accordance with international anti-money laundering (AML) guidelines and a 2019 Ukrainian law.
- Khaustova said the deal “is not limited to compliance tools access,” however. Digital Transformation officials were just as “eager to consult” on developing legislation and regulations for Ukraine’s burgeoning virtual asset sector as they were in enforcing crypto AML restrictions, she said.
- “The main goal of our cooperation is the rapid formation and legalization of the virtual asset market in Ukraine,” the ministry said in a press statement. The ministry did not immediately return a CoinDesk request for comment.
Higit pang Para sa Iyo
Ano ang dapat malaman:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Higit pang Para sa Iyo
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
Ano ang dapat malaman:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
