Ukraine’s Central Bank bans crypto purchases in local currency
Ukraine’s central bank has banned the purchase of cryptocurrency using the country’s local currency. Individuals may only purchase crypto using foreign currency up to a value of 100,000 Ukrainian hryvnia ($3,400) per month, the National Bank of Ukraine said on Thursday.
Ukraine formally legalized crypto in the country last month, determining the legal status, classification, ownership and regulators of virtual assets to be regulated by the National Commission on Securities and the Stock Market.