Central Bank of Ukraine Suspends Electronic Cash Transactions, Will It Boost Crypto Prices?
One of the most recent steps adopted in line with a statewide proclamation of martial law is a crackdown on digital money transactions by Ukraine’s central bank. And, as Ukraine tightens restrictions on cash-transfer routes and Moscow unleashes airstrikes and ground forces, some Ukrainians resort to cryptocurrency. The National Bank of Ukraine has ordered that issuers of electronic currency (e-money) halt e-money issuance and replenishment of electronic wallets with e-money. The written ruling further said that the distribution of e-money...