Ukrainian Local Bank To Launch Bitcoin Trading Feature In The Latter Part Of ...

Monobank is seeking approval from the National Bank of Ukraine to launch its Bitcoin debit card later this month. As the Ukrainian government progresses with cryptocurrency-related legislation, a major local e-bank is preparing to launch a debit card featuring Bitcoin (BTC) trading.Ukrainian online banking application Monobank has completed a pilot integration with a cryptocurrency trading platform, Monobank co-founder Oleg Gorokhovsky announced Monday.According to the executive, the new integration will enable Monobank users to buy and sell Bitcoin with a debit card. Monobank expects to....

Ukrainian e-bank Monobank has expressed its interest in wanting to offer customers bitcoin trading by July. The bank has applied to the Bank of Ukraine to approve its application for a bitcoin debit card. This comes as the Ukrainian government progresses on crypto-related legislation. The announcement came from an earlier report which had cited the […]

An unnamed Ukrainian bank has lost over $10 million after hackers broke into the systems and stole the money. The banks now have an urgent need for blockchain based fund transfer solutions, as the conventional systems are being frequently compromised. The SWIFT network, which is widely used by the banks across the world for electronic fund transfers has been affected by multiple hacking attacks till date, resulting in huge loss of funds. After the recent hacking incident where hackers stole money belonging to the Central Bank of Bangladesh from US Federal Reserve, a Ukrainian bank has....

The global crypto community has actively supported humanitarian efforts in Ukraine and two crypto exchanges are also looking to help Ukrainian refugees abroad. Binance, the largest coin trading platform, and the Ukrainian Whitebit have turned their attention to the Ukrainians who had to leave their country as a result of Russia’s invasion. Binance to Launch Charity Crypto Card for Ukrainian Citizens Escaping Conflict The world’s leading cryptocurrency exchange, Binance, will launch a “charity crypto card” this month for those who have been forced to....

President Volodymyr Zelensky has signed a law that will allow the National Bank of Ukraine to issue its own digital currency. The new legislation, which aligns Ukrainian regulations with EU rules, will also stiffen authentication requirements for clients of payment service providers. New Legislation Allows Ukrainian Central Bank to Issue Digital Currency The President of Ukraine Volodymyr Zelensky has signed the law “On Payment Services” which was adopted by the Ukrainian parliament on June 30, the president’s administration announced this week. The legislation aims to....