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Ukraine’s New Fiat Restrictions to Boost Popularity of Crypto, | Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News

Ukraine’s New Fiat Restrictions to Boost Popularity of Crypto, Industry Says

The
central bank of Ukraine has adjusted the fixed exchange rate of the national currency in U.S. dollars and introduced stricter limits on hryvnia transactions for citizens. The measures are likely to turn more Ukrainians to cryptocurrencies, according to a representative of the local crypto sector. The National Bank of Ukraine (NBU) has introduced new rules in response to the changing fundamentals of the country’s economy during an ongoing military conflict with Russia. The monetary authority devalued the Ukrainian hryvnia against the strong U.S. dollars by 25% on Thursday and set new limits on banking operations with the national fiat.

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