Co-founder of the Ukrainian bank Monobank disclosed investments in bitcoin (BTC)
Date: 2023-07-25 Author: Karina Ziganova Categories: BUSINESS
Ukrainian entrepreneur revealed his attitude to cryptocurrencies and considered market regulation unnatural
Oleg Gorokhovskiy, co-founder of the Ukrainian online bank Monobank, owns a "small portfolio of bitcoins." The entrepreneur said this in an interview with the RAMINA YouTube channel. Gorokhovsky did not disclose the amount of investments, but called the cryptocurrency "a fairly modern tool."
"I don't really consider myself an expert in crypto. I have a small portfolio in bitcoins, but I look at it as a fairly modern tool," said the co-founder of Monobank [the style of the original is preserved].
Gorokhovsky noted that he does not have any forecasts for the market. However, he sees regulators around the world trying to regulate the cryptocurrency industry. At the same time, "the nature of the blockchain itself is not very capable of being controlled," Gorokhovsky noted.
"However, everyone believes that it needs to be done [to regulate the blockchain]. And every step that is successful in regulation leads to the fact that this tool is in jeopardy. Because the nature of crypto, as I said, it is free, it does not provide for control. And this tool is appreciated for this," he added.
The Ukrainian entrepreneur believes that cryptocurrency is in demand, since regulators have not yet taken it up intensively. In the future, regulators will "tightly regulate" cryptocurrency, Gorokhovsky believes. When the market is covered by regulation, the cryptocurrency is unlikely to be any different from conventional currencies, Gorokhovsky believes.
In the summer of 2022, the media reported on the blocking of money transfers through Monobank to the details of the Binance cryptocurrency exchange. Then representatives of the bank noted that the restrictions apply only to Binance and do not affect other sites.
Starting in March 2023, several Ukrainian banks stopped working with cryptocurrencies at once, citing technical difficulties. Later, as local media found out, The local crypto market came under repression related to the struggle of the Ukrainian authorities against gambling.
In April, the founder of the Ukrainian crypto exchange Kuna, Mikhail Chobanyan, said that the platform would stop supporting the hryvnia due to the blow of local regulators to the market. He did not specify the timing of the rejection of the hryvnia, but admitted that taking into account the changes, the company's priorities have changed.
