The National Bank of Ukraine descended on local crypto exchanges with a check
Date: 2023-08-01 Author: Karina Ziganova Categories: BLOCKCHAIN, IN WORLD
The Central Bank of Ukraine has required several local cryptocurrency exchanges to provide account statements for 2023
The National Bank of Ukraine (NBU) has taken up payment systems and local crypto business. This is reported by the Telegram channel "Politics of the Country" with reference to a document sent by the regulator among companies.
According to the document, the National Bank of Ukraine required four Ukrainian cryptocurrency companies to submit financial statements within seven days. These included the oldest Ukrainian crypto exchange Kuna, the crypto processing provider CoinPay, the peer-to-peer payment platform GEO Pay and the Qmall platform.
The financial regulator demanded to provide data on the volume of transactions, as well as on the receipt and transfer of funds. Also, the local Central Bank ordered to provide statements of all accounts from the beginning of 2023. In this connection, it is unclear what the check is being carried out. Kuna founder Mikhail Chobanyan confirmed receipt of the request from the NBU, but did not specify the reasons.
"Yes, indeed, there was such a request to the market. What are your guesses about the purpose of such a collection of information?" wrote Chobanyan in his Telegram channel.
Participants in the local crypto market differed in their assumptions about why the National Bank of Ukraine took up local crypto companies. Some believe that the NBU wants to become a "regulator and monopolist" as part of Ukraine's transition to the standards of the European cryptocurrency directive MiCA. Others believe that the financial regulator continues to fight the withdrawal of crypto to online casino accounts.
Recall that since the beginning of March 2023, Ukrainian banks have stopped processing requests for the withdrawal of cryptocurrency in hryvnia and vice versa, citing technical difficulties. Later, as local media found out, the crypto market could fall under repression associated with the struggle of the Ukrainian authorities against gambling.
