Ukraine’s Privatbank halts money transfers to cryptocurrency exchanges.
The financial institution explained the move with restrictions imposed by the country’s central bank under the current martial law.Ukraine’s largest bank in terms of assets, Privatbank, has prohibited its clients from transferring funds in Ukrainian hryvnia, the national fiat currency, to exchanges trading cryptocurrencies. The temporary ban has been introduced on March 16.
According to a statement, quoted by the crypto news outlet Forklog, the measure stems from a resolution issued by the National Bank of Ukraine on Feb. 24, the day when Russia launched its military invasion of the country. Although it does not specifically mention crypto-related transactions, the document regulates the operation of the banking system under martial law and introduces stricter rules for bank operations. For example, cash withdrawals wereBanks are prohibited from carrying out cross-border transfers of currency from Ukraine on behalf of clients, Privatbank explained in its announcement. Transferring funds for use on cryptocurrency exchanges is no exception, the bank elaborated.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Taiwan's largest crypto exchange hits $400 million valuation as it eyes IPOTaiwan's largest cryptocurrency exchange, MaiCoin, is reportedly raising a Series C funding round that would value it at $400 million.
Leer más »
Dubai's New Virtual Asset Regulator Licenses Crypto Exchanges Binance, FTX – Regulation Bitcoin NewsDubai's Virtual Asset Regulatory Authority (VARA) has licensed two cryptocurrency exchanges: Binance and FTX.
Leer más »
US lawmakers discuss crypto’s role in sanctions, national security, and humanitarian aidMichael Chobanian, founder of Ukraine's Kuna crypto exchange, addressed the Senate Banking Committee remotely on Thursday offering his thoughts on Russian sanctions and crypto as a force for good
Leer más »
Fund Manager Jim Chanos Says He’s Shorting CoinbaseJim Chanos said he's shorting crypto exchange Coinbase because of his concerns about increased competition and profitability. mikeybellusci reports
Leer más »
Ukraine Crypto Exchange Founder Accuses Binance of 'Cooperating' With the Russian GovernmentMichael Chobanian also says Binance has yet to make its promised $10 million donation. The exchange didn't respond to CoinDesk's request for comment.
Leer más »
Ukraine's Kuna Exchange Founder Michael Chobanian on Crypto Donations, Binance and Senate HearingMichael Chobanian returns to “First Mover” following his testimony at the U.S. Senate Banking Committee hearing where he discussed the role digital assets have played in the Russia-Ukraine war. Chobanian shares his personal takeaways from the hearing, while also raising questions about why global crypto exchange Binance still supports Russian rubles for transactions.
Leer más »