The National Bank of Ukraine decided to "protect" us from ourselves by setting a limit on P2P transfers — no more than 100,000 hryvnias per month from an individual's card. But it is not only about P2P and not only about crypto. The new rules could change the rules of the game for a huge number of people and sectors. Let's figure out how it will affect and what to do.
---
Problems are not only for the crypt
1. Entrepreneurs: In a small business that works through bank cards (selling goods, services or freelancing), limits will create a headache. Exceeded 100 thousand? Congratulations, now you can deal with the blocking of accounts or think about how to split payments.
2. Charity: Although volunteers have an exception, informal initiatives run the risk of facing difficulties. Honestly collected aid funds may look "suspicious" to banks.
3. Personal payments: It seems that 100 thousand hryvnias is a lot, but for someone it can be a monthly rent, treatment or support of relatives abroad. New restrictions will add bureaucracy.
---
How will this affect the crypto?
The crypto industry, which actively uses P2P transfers, finds itself in a difficult situation. Traders and investors face a number of challenges:
Liquidity restrictions: It will become more difficult to sell crypto for a larger amount.
Risk of blocking: Banks can block accounts for "too active" activity.
Increased costs: Using international platforms, crypto cards or intermediaries will increase fees.
---
What to do?
1. Split payments: If the amounts exceed the limits, split them and send them from different accounts.
2. Use DeFi: Decentralized exchanges and wallets like Metamask or Trust Wallet will help bypass banks.
3. Pay attention to crypto cards: Cards from Binance or other platforms will allow you to pay for purchases directly with cryptocurrency.
4. Take assets abroad: If you have the ability to work with international accounts, this option can also help.
---
Consequences for the market
Such limits look like an attempt to "lock" money in the system and strengthen control over financial flows. But instead of solving the problem, it can:
Increase demand for stablecoins: USDT and USDC will become even more popular.
Push to gray schemes: Not everyone will want to put up with restrictions.
Make legal activities more difficult: Entrepreneurs and investors may look for "gray" ways instead of working openly.
---
Cryptocurrency is about freedom
The Ukrainian crypto community has always been flexible. And even such limitations are a challenge that can be circumvented. The main thing is to adapt to new conditions: use modern technologies, work more through DeFi and remember that every crisis is an opportunity for growth.
