Ukraine National Bank Joins EU BTC Warning, Still Eyeing Blockchain
The National Bank of Ukraine has issued a warning to the country’s regional banks, global financial institutions and its executives regarding the financial risks involved in the use of digital currencies like bitcoin. The announcement of the Ukraine National Bank follows the organization’s investigation of the development and the use of emerging financial and payment systems. As a joint initiative, Central Banks of the EU countries and the National Bank of Ukraine warned all banks, payment organizations and executives to fully understand the necessary risks and potential damage when using....
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Central banks all over the world are exploring the possibilities of creating their own national digital currencies based on Bitcoin’s “blockchain” technology. This digital currency “movement” was first seen in Tunisia but has made its way to Ukraine, Senegal and Sweden. Ukraine Joins a Growing Number of Central Banks Considering Bitcoin Technology.....
The National Bank of Ukraine (NBU), the country's central bank, has issued a Bitcoin warning to regional banks and other financial institutions, the second after an year's gap. The latest warning comes in the wake of Bitcoin's growing popularity within the national borders. According to a Ukrainian daily, a recently held Bitcoin conference in capital Kiev has sparked a series of conferences and meetings among the regional banking institutions, a factor that could lead to an organic Bitcoin adoption rate in the country. But despite growing interests, Bitcoin is still a risky and speculative....
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