NBU EXCLUDES CRYPTOCURRENCY AS A LEGAL TENDER IN UKRAINE
The NBU does not consider cryptocurrency as a legal tender, and the digital asset market needs legislative regulation. This was stated by the head of the regulator, Andriy Pyshnyy, in an interview with Interfax-Ukraine.
After the introduction of restrictions on P2P transfers in the amount of UAH 150,000 per month, experts noted the likelihood of an increase in interest in cryptocurrencies.
He emphasized that the restrictions do not affect 98% of bank clients and will help minimize the use of payment infrastructure in illegal activities and the shadow economy.
According to him, today the virtual asset market mainly serves shadow turnover and optimization schemes. The regulator seeks to "even better adjust regulatory mechanisms to prevent abuses in payment transactions."
He emphasized that there are no plans to deprive the hryvnia of its status as the only legal tender.
Let us recall that in September, the National Bank of Ukraine called on commercial banks to unite into a coalition to implement monitoring of clients’ P2P transfers.
