Ukraine’s National Bank Warns About Bitcoin
On October 2 the National Bank of Ukraine warned regional banks and executives of the certain risks using virtual currency. This comes after previous warnings in 2014 with the financial institution giving similar warnings. Due to the Bitcoin conference in Kiev many in the banking community have seen a surge of interest in the digital currency. This newly found enthusiasm can be seen with many participants at conferences and meetings held amongst the Ukrainian banking crowd. This news also comes after the National Bank of Ukraine invited PayPal, Apple Pay, and Google Wallet to their....
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Ukraine’s central bank is prohibiting BTC buys with the hryvnia in an attempt to prevent what it calls “unproductive” capital outflows.
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Privatbank, the largest commercial bank in Ukraine, has temporarily halted transfers in national currency to digital asset exchanges. The financial institution explained the move with restrictions imposed by the country’s central bank under the current martial law. Leading Bank in Ukraine Bans Clients From Sending Hryvnia to Crypto Trading Platforms Ukraine’s largest bank in terms of assets, Privatbank, has prohibited its clients from transferring funds in Ukrainian hryvnia, the national fiat currency, to exchanges trading cryptocurrencies. The temporary ban has been....
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