National Bank of Ukraine Struggles to Clarify Bitcoin’s Legal Status as Mining Farms in Kyiv Raided by Police

According to the official comment by Oleg Chupriy, the deputy chairman of the National Bank of Ukraine, Bitcoin has no legal status in Ukraine.

National Bank of Ukraine Believes Blockchain Has to Be Extensively Tested Before Any Implementation

According to Sergei Shatski, the head of retail payments department at the National Bank of Ukraine, the country’s banking system is well-developed technologically, however, the regulator needs more time to check everything before actually implementing blockchain technology.

Ukraine Banning Four Major Payment Systems Could Be Good News For Bitcoin

The National Bank of Ukraine has banned four payment systems, namely WebMoney, Yandex.Money, QIWI Wallet and Wallet One. The reason for the decision, which may positively influence cryptocurrency markets, is said to be the lack of the regulator’s approval for service rendition.