The National Bank of Ukraine Banned the Crypto Purchase from Hryvnia Accounts

The National Bank of Ukraine issued an order according to which restrictions on cross-border transactions now apply to cryptocurrency transactions.

According to the decision of the bank, individuals are temporarily prohibited from conducting quasi-cash transactions from hryvnia bank accounts, and cross-border P2P transfers in national currency are limited to UAH 100,000 per month.

For quasi-cash transactions and international P2P transfers, you can use your own foreign currencies, but the total limit is UAH 100,000 per month.

Quasi-cash transactions include the purchase of cryptocurrencies, replenishment of brokerage or forex accounts, replenishment of electronic wallets, purchase of gift certificates, transfers in favour of betting companies, payment of traveller’s checks, and others.

This decision was made in order to prevent the outflow of capital from Ukraine under martial law.

The bank also noted that these restrictions do not apply to the use of payment cards abroad and in Ukraine to pay for goods and services.

On February 24, Russia carried out a paramilitary invasion of Ukraine on several fronts, shelling Kharkiv, Kyiv, Sumy, Chernihiv, Vinnytsia and other cities of various calibres.

The Ukrainian army is holding back the invasion of the enemy. From the hottest spots, the civilian population is trying to evacuate to other cities or even countries.

The world community organized to help the refugees and the Ukrainian army and imposed strict sanctions against Russia.

The BTC-Alpha team together with trusted volunteer communities created a charity fund ‘Alpha for Ukraine’. You can make a donation to help everyone in Ukraine who needs medicines, humanitarian aid and to support the defence of the country.

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