‘The cryptocurrency world will help in this war’: Kuna CLO breaks down Ukrain...
According to Ganna Voievodina, Ukraine’s law on digital assets was adopted “just in time” for companies handling crypto and a government looking for tax revenue. While many parts of Ukraine are still facing threats from Russia’s military, some residents, industry leaders and government officials are turning to digital assets for help in relocating people, funding humanitarian aid projects and getting supplies to its own soldiers.On Feb. 17, exactly one week before Russian forces began their attack on Ukraine, the country’s legislature adopted the “On Virtual Assets” bill. Ukrainian....
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The largest Ukrainian Bitcoin agency KUNA announces the launch of a crowdsale campaign for its cryptocurrency exchange. KUNA’s Bitcoin exchange was launched in March 2014 to allow customers easily and safely convert digital currency in local (UAH). The founder of KUNA agency Michael Chobanian announced the preparation of required financial documents for the crowdfunding on the December 2. However, considering the centralized control over cryptocurrency exchange services in Ukraine, KUNA exchange found it difficult to continue its work without major innovations. Secondly, there is no legal....
Through Bloomberg’s interview with KUNA’s Michael Chobanian, we can learn a lot about present-day Ukrainian life. The man’s job is to use cryptocurrencies to settle transactions at light speed. And to manage the crypto donations Ukraine gets from all over the world. Before the war, Chobanian was the name behind the KUNA exchange and the […]
The largest banking corporations and economic interests in the world are entering into a patent war for Bitcoin’s underlying blockchain technology. Stage Set for Blockchain ‘Patent War’. If you are a Bitcoin early adopter, you may have an altruistic view on the world of open-source technology, seeing it as a something that should be shared with the world, to serve the greater good, without wallowing into the abyss of avarice. You probably also haven’t worked on Wall Street very long, either. The largest banking corporations and economic interests in the world are entering into a “Patent....
After Ukraine’s central bank imposed a limit on cash withdrawals, Kuna, a cryptocurrency exchange that provides trades in ruble and hryvnia saw a notable surge in volume. Moreover, to this day, crypto-assets being swapped on Kuna such as bitcoin, tether, and ethereum are trading for a significant premium.
Crypto in Ukraine Sees Premiums
The ongoing conflict continues in Ukraine after Russian troops invaded the territory. The United Nations (UN) estimates that roughly 100,000 Ukrainian citizens have fled the country during the last 24 hours.
Following the....
Kuna, a long-running native crypto exchange, sees a swift change in client activity amid currency controls and the hryvnia at all-time lows. Bitcoin (BTC) and altcoin trading volumes have surged at a major Ukraine cryptocurrency exchange in the aftermath of Russia's invasion, data shows.According to monitoring resource CoinGecko, on Feb. 24, volume at Kuna almost trippled to over $4 million.Crypto on the radar of UkrainiansAs the armed conflict with Russia began, the impact on the fiat currencies of both countries was immediately apparent.While the Russian ruble suffered noticeably more,....