Ukraine’s Internet Party Leader Declares Bitcoin Savings Worth $3 Million

News and Analysis

Dmytro Golubov, Ukraine’s Member of Parliament (Verkhovna Rada) and leader of the Internet Party, has revealed he owns about $3 mln in Bitcoins.

Golubov’s e-declaration reveals he owns 4,376 BTC (over $3 million at current exchange rate) that he purchased November 22, 2012. According to Bitcoincharts, the average bitcoin price at that date stood at $11.81, which means he actually paid around $50,000 for the entire load.

The Internet Party of Ukraine was established in 2007 in the city of Odessa. Two years later, a well known character going by the name and appearance of Darth Vader has become the party’s deputy chairman. Throughout the party’s history, Dmytro Golubov has been involved in controversies of different sort, some of which nearly brought him to jail. However, back in 2014 he was elected in the country’s parliament.

As ForkLog reported earlier, one of Ukraine’s MPs, Alexei Mushak, revealed 465 BTC of savings.

Pursuant to the recently passed law on prevention of corruption, Ukraine has established a so-called ‘e-declaration’ system. As of September 1st, every high-ranking official in the country, including ministers, MPs and the president, are obliged to fill in electronic forms declaring all the property, assets and liabilities they and their family members possess.

A number of Ukrainian officials declared keeping large amounts of cash at home. Prime Minister Volodymyr Groysman said he kept the equivalent of $1.6 million in the local hryvnia currency at his house.

Among the most bizarre possessions declared by officials and lawmakers over the weekend are an Orthodox church, holy relics of an Orthodox Christian saint and a ticket to space on the world’s prospective first commercial spaceship.

The data from the e-declaration have been posted on a searchable online database that has been available since early Monday. It has been lauded as a major step toward transparence in the corruption-ridden Ukraine.

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