Monobank co-founder: we don't plan to add bitcoin yet
Date: 2023-08-10 Author: Karina Ziganova Categories: BLOCKCHAIN, BUSINESS
Monobank has no plans to integrate bitcoin as a means of payment. Mikhail Rogalsky, co-founder of the company, spoke about this in an interview with Forbes.
“There are several reasons for this. One of the main ones is that bitcoin has a bad reputation among regulators, both in Ukraine and in Europe. We cannot risk our core business by working with such assets,” he stressed.
According to Rogalsky, the future of this asset class in Ukraine remains uncertain. In addition, the co-founder of Monobank does not consider cryptocurrencies to be a more effective financial instrument compared to fiat.
In his opinion, the only advantage of digital assets is the ability to bypass certain restrictions of supervisory authorities:
“I don’t think that bitcoin will ever be in free circulation in Ukraine. Historically, the NBU carefully regulates the foreign exchange market, and I can’t even imagine how it will deal with cryptocurrency.”
We previously covered an interview with Monobank co-founder Oleg Gorokhovsky. Unlike Rogalsky, he has a more positive attitude towards cryptocurrency, and even invests in bitcoin himself.
In 2021, the bank announced the release of a crypto card. However, later the project was frozen because it did not receive the approval of the National Bank of Ukraine.
