Bitcoin Magazine - Bitcoin News, Articles and Expert Insights By NAMCIOS
The Ukrainian central bank is now prohibiting citizens from purchasing bitcoin with the local fiat currency, the hryvnia (UAH), as it attempts to curb capital outflows under martial law.
Under the new rules, the National Bank of Ukraine (NBU) is also limiting the amount of cryptocurrency people can buy with foreign currencies – an equivalent of UAH 100,000 (about $3,390) per month.
The restrictions are not exclusive to Bitcoin. The new directives imposed by the NBU cover a slew of asset purchases and “quasi cash” transactions, including replenishment of electronic wallets, brokerage or foreign exchange (FX) accounts and payment of traveler’s checks…
