Ukraine Is One More Example Of Bitcoin Operating As Intended
The forces of decentralized technology are at work in the country experiencing so much turmoil.“There’s a problem with bank accounts, something happened … the transactions are being stopped, for whatever reason.” - Overheard from Walter Lekh in Twitter Spaces conversation discussing avenues of donation in support of UkraineActivities in eastern Europe have taken the center stage for much of the world in the past few days. I’ve been doing the best I can to stay on top of information and intelligence that is coming through — one of the many beauties of the modern age and the opening of....
Related News
When Putin set out to invade Ukraine, the world wasn’t sure what he intended. But while threats were being exchanged, a variable that wasn’t considered in the war effort was something Russia was battling to legislate on: Crypto. Since the war started, Ukraine has continued to receive donations in crypto. Sanctions have also forced the […]
The invasion of Ukraine by Russia prompted crypto donations from all around the world. It was intended to assist the country in acquiring all the necessary military weapons to withstand the conflict with Russia. Ukraine disclosed how they spent crypto donations, revealing that the majority was spent on armaments. The crypto community has chipped in $54 […]
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....
Ukraine is currently undergoing turbulence and instability due to the Russian invasion. The disagreement between the two countries could be traced back to 2014 in the Revolution of Dignity. This is primarily after Russia annexes Crimea from Ukraine. Furthermore, Russia has fronted another invasion of Ukraine on 24 February 2022. The war between Ukraine and […]
Earlier this week, National Bank of Ukraine introduced a ban on the use of payment services provided by Webmoney, Yandex.Money, Qiwi Wallet and Wallet One. State authority explained that it was due to the fact that the rules of digital money use were not coordinated by the companies with the National Bank of Ukraine that their provision of their services was suspended. Banned Russian companies express genuine surprise. In this situation, service users are the ones affected the most as it will become impossible to pay for goods and services and withdraw money from eWallets operated by....