Ukraine bans Bitcoin purchases with local currency amid martial law

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Ukraine bans Bitcoin purchases with local currency amid martial law
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Ukrainians will face crypto restrictions as the conflict continues. To prevent capital outflows, those in the country are now allowed to buy Bitcoin only with foreign currency and with a monthly cap of $3,300. (Reporting via coindanslecoin)

Ukrainians are now allowed to buy Bitcoin and other cryptocurrencies only with foreign currency, with total monthly purchases limited to 100,000 UAH . The relevant limit also applies to international peer-to-peer transactions.

“The relevant changes will help improve the foreign exchange market, which is a necessary prerequisite for easing restrictions in the future, as well as reducing pressure on Ukraine's international reserves,” the NBU wrote.

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