Ukraine Central Bank bans bitcoin purchases using the hyrvnia to prevent capital outflow
Ukraine's central bank said on Friday it would ban bitcoin purchases made with the hyrvnia.The National Bank of Ukraine labeled bitcoin purchases as"quasi-cash transactions."Ukraine announced limits on bitcoin purchases on Friday to protect against capital flight as Russia's war on the country pushes into a third month.
The NBU isn't the first institution in Ukraine to move to ban bitcoin purchases. PirvatBank, the country's premier commercial bank in the country, stopped its customers from purchasing bitcoin with hyrvnia in March.
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