President of the Blockchain Association of Ukraine (BAU) Mikhail Chobanyan addressed the National Bank with a request to allow cryptocurrency exchanges to work with non-cash and cash hryvnia during martial law, as well as open a special bank account for them. About this he reported in your Telegram channel.
Now holders of hryvnia cards, in particular clients of PrivatBank, complain about problems with replenishing accounts on crypto-exchanges in the national currency. The technical support of the bank refers to NBU Resolution dated February 24which prohibits them, on behalf of clients, from making cross-border transfers of currency values from Ukraine.
“It does not provide for the possibility of transferring foreign currency for use on cryptocurrency exchanges, as well as carrying out operations to credit bank accounts with funds received on crypto exchanges,” PrivatBank notes.
Since the beginning of the war, the NBU has limited operations on bank accounts and suspended the work of the foreign exchange market. According to Mikhail Chobanyan, non-cash hryvnia and cryptocurrencies in these conditions are “the only bridge connecting the economy of Ukraine with the outside world.”
“It is thanks to this bridge that volunteers buy equipment, humanitarian aid and other assistance for Ukraine. If it is also turned off, all non-state supplies for the needs of the Armed Forces of Ukraine, territorial defense and special forces will stop,” he warned.
Chobanyan offers:
- do not limit cryptocurrency P2P transfers;
- allow financial monitoring of banks to make transfers of individuals related to cryptocurrencies;
- open bank accounts for Ukrainian crypto-exchanges and entrust their supervision NSMSC.
The President of the BAU previously outlined the last point in NBU letter. He was supported by the Chamber of Commerce and Industry of Ukraine, the Tax Service, the Ministry of Finance and a number of companies, but there was no official response from the regulator.
Chobanyan urged the community to jointly influence the decision of the NBU.
“Crypt is the only thing that saves Ukraine now,” he stressed.
Cryplogger requested comments from the National Bank.
As a reminder, since March 16, PrivatBank has temporarily banned its clients from transferring hryvnias to cryptocurrency exchanges. Then Mikhail Chobanyan said that the restriction did not affect the market of Ukrainian trading platforms.
In a comment to Cryplogger, Binance representatives reported that PrivatBank did not notify them of blocking the entry of the hryvnia to the exchange, however, users “are experiencing problems with such transactions.”
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President of the Blockchain Association of Ukraine (BAU) Mikhail Chobanyan addressed the National Bank with a request to allow cryptocurrency exchanges to work with non-cash and cash hryvnia during martial law, as well as open a special bank account for them. About this he reported in your Telegram channel.
Now holders of hryvnia cards, in particular clients of PrivatBank, complain about problems with replenishing accounts on crypto-exchanges in the national currency. The technical support of the bank refers to NBU Resolution dated February 24which prohibits them, on behalf of clients, from making cross-border transfers of currency values from Ukraine.
“It does not provide for the possibility of transferring foreign currency for use on cryptocurrency exchanges, as well as carrying out operations to credit bank accounts with funds received on crypto exchanges,” PrivatBank notes.
Since the beginning of the war, the NBU has limited operations on bank accounts and suspended the work of the foreign exchange market. According to Mikhail Chobanyan, non-cash hryvnia and cryptocurrencies in these conditions are “the only bridge connecting the economy of Ukraine with the outside world.”
“It is thanks to this bridge that volunteers buy equipment, humanitarian aid and other assistance for Ukraine. If it is also turned off, all non-state supplies for the needs of the Armed Forces of Ukraine, territorial defense and special forces will stop,” he warned.
Chobanyan offers:
- do not limit cryptocurrency P2P transfers;
- allow financial monitoring of banks to make transfers of individuals related to cryptocurrencies;
- open bank accounts for Ukrainian crypto-exchanges and entrust their supervision NSMSC.
The President of the BAU previously outlined the last point in NBU letter. He was supported by the Chamber of Commerce and Industry of Ukraine, the Tax Service, the Ministry of Finance and a number of companies, but there was no official response from the regulator.
Chobanyan urged the community to jointly influence the decision of the NBU.
“Crypt is the only thing that saves Ukraine now,” he stressed.
Cryplogger requested comments from the National Bank.
As a reminder, since March 16, PrivatBank has temporarily banned its clients from transferring hryvnias to cryptocurrency exchanges. Then Mikhail Chobanyan said that the restriction did not affect the market of Ukrainian trading platforms.
In a comment to Cryplogger, Binance representatives reported that PrivatBank did not notify them of blocking the entry of the hryvnia to the exchange, however, users “are experiencing problems with such transactions.”
Subscribe to Cryplogger news in Telegram: Cryplogger Feed – the entire news feed, Cryplogger — the most important news, infographics and opinions.
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