Ukraine Bans Bitcoin Purchases With National Currency Amid Martial Law
Ukraine’s central bank is prohibiting BTC buys with the hryvnia in an attempt to prevent what it calls “unproductive” capital outflows.The Ukrainian central bank has banned bitcoin purchases with the national fiat currency.The bank said the move seeks to prevent “unproductive” capital outflows in a bid to preserve the health of the country’s FX market.In addition to cryptocurrency buys, the new rules also target electronic wallet deposits, FX transactions and travel payments.The Ukrainian central bank is now prohibiting citizens from purchasing bitcoin with the local fiat currency, the....
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Ukrainians are now allowed to buy Bitcoin only with foreign currency with a monthly cap of $3,300. The National Bank of Ukraine (NBU) continues taking measures to prevent capital outflows amid martial law by enforcing major restrictions on cryptocurrency purchases.The Ukrainian central bank officially announced Thursday a set of restrictions on cross-border operations, prohibiting individuals from buying cryptocurrencies like Bitcoin (BTC) with the national fiat currency, the hryvnia (UAH).Ukrainians are now allowed to buy Bitcoin and other cryptocurrencies only with foreign currency, with....
The central bank of Ukraine has introduced additional restrictions on international transactions that will prevent Ukrainians from buying crypto assets abroad with the national fiat. The measures are intended to reduce capital outflow amid an ongoing military conflict with Russia. Ukraine Citizens Not Allowed to Buy Crypto Abroad From Local Currency Accounts The National Bank of Ukraine (NBU) has issued a notice detailing the introduction of certain restrictions on cross-border transactions that private individuals can make. The move aims to curb the “unproductive outflow of....
The central bank of Ukraine has capped withdrawals of cash in national fiat and banned those in foreign currency. The monetary authority says the measures aim to ensure the functioning of the nation’s financial system under the martial law introduced in response to Russia’s military offensive.
National Bank of Ukraine Restricts Hryvnia Withdrawals, Fixes Exchange Rates
As citizens were lining up at ATMs and bank offices on Thursday, the National Bank of Ukraine (NBU) adopted a resolution limiting daily cash withdrawals in local currency to 100,000 hryvnia (approx.....
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....
Despite Ukraine progressing with crypto regulation, locals are reportedly unable to buy Bitcoin using their bank accounts at PrivatBank. While the Ukrainian government has moved to legalize Bitcoin (BTC) amid the ongoing attacks from the Russian military, some of the largest local banks have reportedly banned their clients from buying BTC using the national currency.PrivatBank, the largest commercial bank in Ukraine, has temporarily restricted its customers from purchasing Bitcoin with the national currency, the hryvnia (UAH), industry publication Forklog reported on Thursday.Citing a....