News
Market
Bitcoin
Ethereum
Altcoins
Regulations & Policies
DeFi News
Blockchain News
Industry
Exclusive
Exclusive
Show More
Quiet Racism in Crypto Gets “Obvious” During Circle’s Arc Mainnet Launch
Liquid Network Exploit Explained: Unbacked L-BTC and the $320M Peg-Out
Can the Senate Pass the CLARITY Act on September 15? Here’s the Vote Math
Inside Metaplanet’s Floating Option Pool: How a 2023 Option Clause Followed Its Bitcoin Treasury Era
OpenAI’s Astra and Anthropic’s Fable 5.1 Put Crypto Security in Focus
Opinion
Opinion
Show More
Jackson Hole 2026: Crypto Is No Longer Outside the Fed’s Door
The Architecture of Trust: Same Routes, New Risks in Global Tokenisation
The Architecture of Trust: What 4,000 Years of Trade Teach Us About RWA Tokenisation
One P2P Trade, Months of Limbo: Why Innocent Indian Crypto Users Keep Paying the Price
CLARITY Act: The Bill Exists, the Deal Does Not, Trump Has to Wait
Learn
Explained
How To
Insights
Indices
New
India USDT Premium Index
India USDC Premium Index
Videos
More
About Us
Our Authors
Contact Us
Editorial Policy
Daily Crypto Puzzles
All News
Market
Bitcoin
Ethereum
Altcoins
Regulations & Policies
Blockchain
DeFi
Industry
Exclusive
Opinion
Search
News
Market
Bitcoin
Ethereum
Altcoins
Regulations & Policies
Blockchain
DeFi
Industry
Exclusive
Opinion
Learn
Explained
How To
Insights
Indices
New
India USDT Premium Index
India USDC Premium Index
Quick Links
About Us
Our Authors
Contact Us
Editorial Policy
AI Policy
Sponsored & Advertorial Policy
Daily Crypto Puzzles
Videos
Glossary
Follow US
Ukraine
Ukraine’s Supermarket Chain Varus to Accept Crypto via Binance Pay
2022-09-17
Vitalik Buterin Joins the Kyiv Tech Summit to Support Ukraine
2022-09-12
Ukraine’s Largest Tech-based Retailers accept Bitcoin payments
2022-09-03
Ukraine Police busts Crypto Fraudsters Running Fake Call Centers
2022-08-31
Aid for Ukraine’s $54M crypto fund Buys Military Gears
2022-08-19
Vitalik Buterin Admits using Tornado Cash for Ukraine Donations
2022-08-09
Chainalysis says Pro-Russian ORGs Got $2.2M in Crypto Donations
2022-07-30
Crypto has become an ‘Essential Tool of Ukraine’s Defence’
2022-07-27
Ukraine Sells Donated CryptoPunk #5364 for $100K
2022-06-21
Ukraine Joins European Blockchain Partnership as an Observer
2022-06-18
Ukraine-Based Everstake Continues Hiring amid Volatile Market Conditions
2022-06-16
Ukraine to use NFTs to Save Art & History amid Russian invasion
2022-06-13
Crypto Exchange Buys Eurovision Trophy to help Ukraine’s Army
2022-05-31
IamUkraine Studio Announces ‘Zelenskiy NFT’ Drop to aid Ukraine
2022-05-22
Freedom Squares NFTs Turned Zelenskyy’s Words into Reality
2022-05-06
Ukrainian Govt to Accept Donations via NFTs
2022-04-30
Finland Considers Donating Seized BTC to Ukraine
2022-04-29
Binance Launches Crypto Card to aid Ukrainian Refugees in Need
2022-04-27
National Bank of Ukraine Bans Crypto Purchases with Local Currency
2022-04-22
Ukraine Influencer Alex Tillen Burns $35K Putin NFT to Aid War Victims
2022-04-20
Ukrainian Minister Mykhailo Fedorov Thanks Crypto On Easter
2022-04-18
Astronaut Scott Kelly Drops his First Ever NFTs to Aid Ukraine War
2022-04-13
Vitalik Buterin Donates $5 Million in ETH to Ukraine
2022-04-07
10,000 Ukrainian Flag NFTs Put up for Sale in The Sandbox
2022-03-31
Japan to Reform Laws to Eliminate Crypto Loophole for Russian Sanctions
2022-03-28
Ukraine Reveals NFT Museum Project ‘Meta History Museum of War’
2022-03-28
$250M and Smart Contracts: All it Takes to End the Ukraine War
2022-03-17
Ukrainian President Zelenskyy Legalizes Cryptocurrency Sector
2022-03-17
Ukrainian Government Launches Official Website to Accept Crypto Donations
2022-03-15
Ukraine to Drop NFT Collection Illustrating the Russian Invasion
2022-03-14
1
2
3
×
![The National Bank of Ukraine(NBU) bans individuals from buying cryptocurrencies like Bitcoin with the national fiat currency, the hryvnia (UAH). According to the announcement, Ukrainians can now only buy Bitcoin and other crypto tokens with foreign currency, with a monthly maximum of 100,000 UAH ($3,300). Crypto purchases, like electronic wallet deposits, foreign exchange transactions, and travel payments, are classified as 'quasi cash transactions' by the NBU. The central bank hopes to avoid an unproductive outflow of capital from the nation by imposing limits on such transactions while Ukraine is under martial control. “Quasi cash transactions [...] are mainly carried out to circumvent the current restrictions of the National Bank, in particular for investing abroad, which is prohibited under martial law. Therefore, the relevant transactions should be interpreted as leading to unproductive capital outflows,” the announcement noted. NBU confirmed that the demand for foreign transactions has risen dramatically as a result of the martial law, which has pushed civilians to flee Ukraine. The essential amendments were adopted by the Ukrainian government as part of an NBU board resolution dated April 20, 2022, according to the NBU. As per multiple reports, some Ukrainian banks have already implemented such measures. The ban has caused quite a stir, considering the Ukraine has been working hard to legalize crypto while the country is under martial control. Last month, Ukrainian President Volodymyr Zelenskyy even signed the law on Virtual Assets, to make crypto legal in the country with the support of NBU and the National Commission on Securities and Stock Market.](https://www.cryptotimes.io/wp-content/uploads/2024/02/Ukraine-Central-Bank-bans-bitcoin-purchase-Website.jpg)
