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2016 has been the 'Year of the Blockchain,' with corporation after corporation, even nations, touting their interest and ability to use Bitcoin’s underlying advancement in their future business models. Will 2017 be the 'Year of the National Digital Currency?'
Earlier this week National Bank of Ukraine has introduced a ban on the use of payment services provided by Webmoney, Yandex.Money, Qiwi Wallet, and Wallet One.
Ukraine will block the Bitcoin accounts of “separatists” in the country’s east. Such was the statement of the head of the Security Service of Ukraine (SBU), Valentyn Nalyvaychenko.
Bitcoin regulation looks imminent in Ukraine, with the release of its own BitLicense draft. Initial reception has been described as “surprisingly positive” by the country’s Central Bank and financial sector.
In this article, I will not cover the details of the situation and provide opinion. Instead, I want to concentrate on the people who are trying to make a difference by providing food and medical treatment.
The National Bank of Ukraine held a meeting last week to discuss ways of "[improving] the performance of international payment systems in Ukraine" and easing up regulatory constraints for new market entrants.
The virtual currency Bitcoin cannot be used in Ukraine as a means of payment. The above was announced in a post on the official website of the National Bank of Ukraine (NBU). According to the regulator, Bitcoin and other cryptocurrencies represent "money substitutes.”
The initiative to make the statement took the National Bank of Ukraine (NBU) that proclaimed the necessary registration for payment systems and operators of infrastructure for payment systems.
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