The National Bank of Ukraine (NBU) has expressed a mixed stance on cryptocurrencies like Bitcoin (BTC) after a year of war in the country.
The central bank of Ukraine sees both good and bad in virtual assets, taking a more skeptical approach to crypto due to financial and economic issues caused by the invasion, according to the NBU press office.
In April 2022, the NBU prohibited citizens from buying cryptocurrencies like Bitcoin using the national currency, the hryvnia (UAH), only allowing such purchases via foreign currency accounts. The central bank also set a monthly limit on such purchases, prohibiting Ukrainians from buying more crypto than worth UAH 100,000 ($3,300) per month. The restrictions also apply to cross-border peer-to-peer transactions.
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The administrative restrictions involving operations with cryptocurrencies in Ukraine
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