Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on April 23, 2022, 01:00:19 PM

Title: Ukraine bans Bitcoin purchases with local currency amid martial law
Post by: newshunter on April 23, 2022, 01:00:19 PM

Ukraine bans Bitcoin purchases with local currency amid martial law

Ukrainians are now allowed to buy Bitcoin only with foreign currency with a monthly cap of $3,300.

Source: Ukraine bans Bitcoin purchases with local currency amid martial law (https://cointelegraph.com/news/ukraine-bans-bitcoin-purchases-with-local-currency-amid-martial-law)

Would appreciate your opinion about this

Title: Re: Ukraine bans Bitcoin purchases with local currency amid martial law
Post by: Noverteno on April 24, 2022, 07:03:25 AM

Well, this is a necessary and temporary measure in the context of the war with Russia. Such a measure must be treated with understanding. The National Bank of Ukraine seeks to maintain its financial system in the face of Russia's destruction of Ukraine's economy and infrastructure. These measures are much softer than in Russia now, where citizens are completely prohibited from buying dollars and euros. Instead, you can buy Chinese yuan there. In addition, there is currently no official market exchange rate in Russia, and this is very harmful to the Russian economy in the short term.

Title: Re: Ukraine bans Bitcoin purchases with local currency amid martial law
Post by: Bobcrypto on April 24, 2022, 03:24:35 PM

Everyday, both countries try to adopt some strategy to savage their economic situations based on the war that is currently have in big effects already. I think that some of strategies may not work if the current war persist, but it could be long term solution if both countries maintain a peace agreements.