{"id":11051,"date":"2022-03-18T11:22:40","date_gmt":"2022-03-18T11:22:40","guid":{"rendered":"http:\/\/egrowonline.com\/?p=11051"},"modified":"2022-03-18T11:22:40","modified_gmt":"2022-03-18T11:22:40","slug":"ukraines-largest-savings-bank-halts-bitcoin-buys-with-hryvnia-report","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=11051","title":{"rendered":"Ukraine\u2019s largest savings bank halts Bitcoin buys with hryvnia \u2014 Report"},"content":{"rendered":"


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While the Ukrainian government has moved to legalize Bitcoin<\/a> (BTC<\/a>) amid the ongoing attacks<\/a> from the Russian military, some of the largest local banks have reportedly banned their clients from buying BTC using the national currency.<\/p>\n

PrivatBank, the largest commercial bank in Ukraine, has temporarily restricted its customers from purchasing Bitcoin with the national currency, the hryvnia (UAH), industry publication Forklog reported<\/a> on Thursday.<\/p>\n

Citing a spokesperson from PrivatBank, the report notes that the latest PrivatBank restrictions fall in line with an order from the National Bank of Ukraine. The restrictions will reportedly apply during the current period of martial law in the country.<\/p>\n

The statement came shortly after Binance\u2019s Ukrainian division reported on PrivatBank\u2019s cryptocurrency restrictions on Wednesday.<\/p>\n

\u201cWe would like to inform you that PrivatBank will not support operations with UAH on all crypto exchanges with no exception starting from March 2022,\u201d Binance Ukraine announced<\/a> in a post on Facebook.<\/p>\n

Binance also advised its customers to use its peer-to-peer (P2P) exchange service, noting that other banks can make a similar decision at any time.<\/p>\n

According to the bank\u2019s official website, PrivatBank has taken<\/a> multiple steps to keep financial stability under martial law, providing credit holidays and increasing withdrawal limits. PrivatBank did not respond to Cointelegraph\u2019s request for comment.<\/p>\n

The first reports on PrivatBank\u2019s crypto-related restrictions surfaced in late February, with some users stating that banks were blocking user accounts associated with P2P crypto exchanges like LocalBitcoins.<\/p>\n

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What are alternatives to send money to Ukrainians using crypto? Privatbank is failing us. https:\/\/t.co\/jIOmG7ZhjT<\/a><\/p>\n

\u2014 claberus \u0421\u043b\u0430\u0432\u0430 \u0423\u043a\u0440\u0430\u0457\u043d\u0456! (@claberus) February 26, 2022<\/a><\/p><\/blockquote>\n

Related: <\/em><\/strong>Ukraine finds unlikely ally in efforts to bar Russian access to crypto: The Central Bank of Russia<\/strong><\/em><\/a><\/p>\n

On Wednesday, Ukrainian president Volodymyr Zelenskyy signed a law to establish a legal framework for the country to operate a regulated crypto market. The Ukrainian government was actively working to adopt regulations, with the Ukrainian parliament passing the legislation<\/a> in its second reading in mid-February.<\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

While the Ukrainian government has moved to legalize Bitcoin (BTC) amid the ongoing attacks from the Russian military, some of the largest local banks have reportedly banned their clients from buying BTC using the national currency. PrivatBank, the largest commercial bank in Ukraine, has temporarily restricted its customers from purchasing Bitcoin with the national currency, […]<\/p>\n","protected":false},"author":1,"featured_media":11052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[1113,50,1533,609,6381,1170,146,1459,5620],"class_list":["post-11051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bank","tag-bitcoin","tag-buys","tag-halts","tag-hryvnia","tag-largest","tag-report","tag-savings","tag-ukraines"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/03\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvYTE3NThkOGYtYjY3ZS00Y2ZmLWJhYTgtYmNmNjFjYzFjOWUwLmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11051"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11051\/revisions"}],"predecessor-version":[{"id":11053,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11051\/revisions\/11053"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/11052"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11051"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}