Ukrainians Are Getting $3K More For Bitcoins As Cash Withdrawal Limits Imposed
Crypto activities in Ukraine continue to grow as the ongoing war pushes them higher. As per currently available data sources, crypto exchanges in Ukraine are experiencing increased crypto trading activities. During the few days, the demand for digital assets, particularly Bitcoin and Tether, increased and resulted in a rise in the value of those currencies […]
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CEX. IO halves minimum limits for US Dollars withdrawals and introduces Individual Business and Corporate accounts. CEX. IO Bitcoin Exchange announces decreasing fees for withdrawals in USD and EUR, as well as lowering minimum limits for respective withdrawals. From now on, CEX. IO users will be able to withdraw their fiat earnings with better conditions, being charged a considerably lower commission. Thus, a fee for withdrawing US Dollars via bank transfer has decreased from $50 to $35 per transaction. Meanwhile, withdrawal cost in EUR remains only €10 within an ordinary SWIFT withdrawal,....
Added comment from Yacuna regarding changes to deposit and withdrawal limits for unverified customers. UK-based cryptocurrency exchange Yacuna has waived all trading and withdrawal fees in a bid to boost the ecosystem, the firm says. In a statement on the move, Yacuna CEO Andrei Martchouk said: 'We want to support blockchain technologies until they dominate the market and do not wish to leech on our customers in the current environment.' The only fees now in place are those that apply for speedier methods of fiat bank deposits, details of which can be found here. Deposit and withdrawal....
Residents of Ukraine will be able to legally keep, exchange, and spend cryptocurrencies once the new virtual assets law is adopted. The legislation will comprehensively regulate the crypto space, possibly lower taxes for Ukrainians and create conditions for new services, a government official revealed. New Regulations to Create Market for Crypto Services for Ukrainians Ukrainians owning cryptocurrency will benefit from the law “On Virtual Assets” as it will introduce investor protection and allow them to legally exchange and declare their crypto holdings. The legislation will....
The central bank of Ukraine has adjusted the fixed exchange rate of the national currency in U.S. dollars and introduced stricter limits on hryvnia transactions for citizens. The measures are likely to turn more Ukrainians to cryptocurrencies, according to a representative of the local crypto sector.
War-Time Hryvnia Limits Expected to Increase Interest in Cryptocurrency
The National Bank of Ukraine (NBU) has introduced new rules in response to the changing fundamentals of the country’s economy during an ongoing military conflict with Russia. The monetary authority....
Since the European Central Bank has declined to increase its emergency fund to Greece and the country has missed its debt deadline to the IMF, capital controls have already been put in place. This means that some banks are closed, stock market trading is halted, and withdrawal limits have been imposed. These controls are geared at preventing a bank run, wherein Greeks scrambling to get their money wind up draining the liquidity in the country's financial system. With the possibility of reverting to a potentially worthless drachma, majority of the Greek population is trying to move their....