A single crypto regulator to appear in the EU Hotels in Maldives and Thailand accept crypto payments PayPal added bitcoin support to its mobile app Corporations invested more than $6 billion in crypto industry in the last 10 months DeFi-platform Velodrome accuses crypto sleuth of stealing $350k S&P Global dropped Coinbase rating to a speculative level BitGo will seek $100 million for Galaxy Digital refusal to acquire crypto platform Brazilian crypto exchange blocked customer accounts and fired staff Celsius Network’s debts is more his assets for $2,8 billion

Ukraine forbids buying cryptocurrencies for UAH

Ukraine forbids buying cryptocurrencies for UAH

Ukrainians can only invest foreign currency in digital assets, the total amount of purchases is limited to $ 3.3 thousand per month.

The National Bank of Ukraine (NBU) announced a ban on the purchase of cryptocurrency by individuals for UAH. Now Ukrainians can invest in Bitcoin and other digital assets only foreign currency worth not more than 100 thousand hryvnias ($3.3 thousand) per month. The same limit applies to international p2p transfers.

The National Bank of Ukraine underlined that it strives to prevent capital outflow from the country during martial law. The regulator believes that the new regulations may positively affect the currency market of Ukraine, creating a prerequisite for future easing of restrictions and reducing the pressure on its gold and foreign currency reserves.

Earlier, some Ukrainian banks introduced similar restrictions on their own. In particular, PrivatBank, Ukraine's largest commercial bank, banned its clients from buying BTCs for hryvnias in mid-March.

Subscribe to our Telegram channel for the most relevant, interesting, and informative news from the crypto industry.

Is there an error in the article?
To report