Ukraine’s Local Banks Temporarily Ban Bitcoin Buying in Hryvnia

As the Ukrainian government tried to legalize bitcoin during the Russian crisis, some of the country’s largest banks reportedly banned their customers from buying bitcoin with the local currency hryvnia.

Ministry of Digital Transformation of Ukraine,March 16 In his statement on the Zelenskyyof the first February country’s legislature Verkhovna Rada He said that he had signed the “Virtual Assets” bill, which was passed by the

President of Ukraine Legalizes Cryptocurrency Industry in the Country by Signing a Bill on Virtual Assets

Related article: President of Ukraine Legalizes Cryptocurrency Industry in the Country by Signing a Bill on Virtual Assets

However, despite these developments, Ukrainian citizens unable to buy Bitcoin using their bank account it is said.

According to a report by local news site Forklog, PrivatBank’s ban temporarily from the National Bank of Ukraine that he acted according to the order and that the martial law currently in Ukraine would be lifted if it ends. told.

Binance Ukraine, in a post on Facebook:

We would like to inform you that PrivatBank will not support transactions related to hryvnia (UAH) on all cryptocurrency exchanges. Other banks can make a similar decision at any time, and we recommend that you use the peer-to-peer (P2P) service in this process.

said.

Some sources are that the situation did not occur says. Michael Chobanian, founder of cryptocurrency exchange Kuna, told Cointelegraph that PrivatBank’s He said that there are no problems with both crypto purchases and withdrawals.

source site-9