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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.
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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