Ukraine Hardens Stance on Bitcoin as Russia Lowers Proposed Penalties for Crypto Users

By November 11, 2014Bitcoin Business

SHA256 ALGORITHM HASHRATE: 265.7 Ph/s The virtual currency Bitcoin cannot be used in Ukraine as a means of payment.

The above was announced in a post on the official website of the National Bank of Ukraine (NBU). According to the regulator, Bitcoin and other cryptocurrencies represent "money substitutes.” Bitcoin: not in Ukraine?

It should be clarified, however, that the announcement does not officially ban Bitcoin as no actual law was passed to date. The NBU […]

Leave a Reply

All Today's Crypto News In One Place