Ukraine Central Bank Suspends Use of Electronic Money Following Russian Invasion

2 years ago

Ukraine's cardinal slope banned the issuance of physics wealth and the replenishment of physics wallets pursuing the penetration by Russia.

  • Among them, the slope ordered "to suspend e-money issuers, replenish e-wallets with e-money, and administer e-money to e-money issuing banks."

  • In this context, e-money astir apt refers to fiat currency successful integer form, specified arsenic that held successful a PayPal relationship oregon a currency app integer bank.

  • It is unclear whether this extends to crypto oregon different integer currencies. Last year, the cardinal slope was granted permission to contented a cardinal slope integer currency (CBDC).

  • The orders besides suspend the overseas speech market, bounds withdrawals from consumers' slope accounts and forbid the withdrawal of overseas currency from lawsuit accounts.

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Jamie Crawley is simply a CoinDesk quality newsman based successful London.


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