Reddit Posts
The National Bank of Ukraine banning crypto purchases with local currency, shows that banks have more power than governments.
Ukraine’s Largest Bank Suspends Money Transfers to Crypto Exchanges
President of Ukraine Volodymyr Zelensky just signed the law on legalization of crypto!
President of Ukraine Volodymyr Zelensky just signed the law on legalization of crypto!
President of Ukraine Volodymyr Zelensky just signed the law on legalization of crypto!
Support Ukraine with a BTC donation that will be sent to the National Bank of Ukraine
Mentions
tldr; Ukraine's National Bank of Ukraine has implemented new restrictions banning the use of fiat currency. The bank has depreciated the Hryvnia by 25% against the US dollar and placed a limit on the amount that may be exchanged. The governor of the NBU, Kirill Shevchenko, has stated that the restrictions are temporary. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Ukraine's central bank on Thursday devalued the country's hryvnia currency by 25% against the US dollar to help the country cope with the growing economic impact of the war with Russia. The National Bank of Ukraine (NBU) said it had set the new rate at 36.5686 to the dollar compared with the previous rate of 29.25 set at the start of Russia's invasion nearly five months ago. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Ukraine's central bank has banned bitcoin purchases with the hryvnia in an attempt to prevent "unproductive" capital outflows under martial law. 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. NBU said the move is necessary because even though the FX market has been mostly balanced over the past month, “significant volumes” of foreign currency purchases by banks seeking international settlements “create some additional pressure *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Post is by: Stealthex_io and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/tfllkq/president_of_ukraine_volodymyr_zelensky_just/ President of Ukraine Volodymyr Zelensky signed a law on virtual assets, which refers this market to the regulation of the National Securities and Stock Market Commission and the National Bank of Ukraine (NBU). According to the Telegram channel of the Ministry of Digital Transformation of Ukraine, with the start of this law, the following changes will be introduced in Ukraine: \- foreign and Ukrainian crypto exchanges will work legally; \- banks will open accounts for crypto companies; \- Ukrainians will be able to protect their savings in virtual assets; \- the state will guarantee judicial protection of rights to virtual assets. In addition, the National Securities and Stock Market Commission will formulate and implement a policy in the field of virtual assets; determine the procedure for the turnover of virtual assets; issue authorizations to VA service providers; exercise supervision and financial monitoring in this area. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
I mean. It's still only $10 million, which is about 1/1000th of aid received by NBU.
tldr; Lithuania-based crypto payment processor Coingate and International Business Settlement (IBS) have started an arrangement with the National Bank of Ukraine (NBU) that enables well-wishers to send donations to Ukraine via more than 70 different crypto assets. This comes after the Ukrainian government acceded to Polkadot creator Gavin Wood's pleas to have DOT added to the list of cryptos accepted for donations. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
The NBU (National Bank of Ukraine) set up conventional bank accounts for pretty much all the major currencies. So in this case the utility is not so huge because you would have been able to donate in your home currency anyway.
>CoinGate has opened a payment page that allows crypto users to donate more than 70 cryptocurrencies directly to the NBU bank account The Ukraine conflict seems to be rapidly rewriting the vision for Bitcoin - ie. to provide a decentralised alternative to the central banking system that failed us so spectacularly in 2006/7/8/9. NVM.
tldr; CoinGate has developed a payment portal to support Ukraine with 70+ cryptocurrencies, including Bitcoin (BTC), ETH (ETH), Litecoin (LTC), Dogecoin (DOGE) and many more. The National Bank of Ukraine (NBU) has opened special fundraising bank accounts to support the Armed Forces of Ukraine. The donated crypto is collected by CoinGate and converted to EUR. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
they accept other currencies. If Ukraine gets 1$ because of this post I will consider it a win already. I send my money daily myself(not in crypto) so that is also an option. Please find official Ukrainian bank accounts for that set up by NBU(national bank of Ukraine) if you are interested