Kiev’s Economic Blockade Boosts Bitcoin Usage in Separatist East

By April 10, 2015Bitcoin Business

With no banks or international payment systems currently servicing the 3.8 million residents living in secessionist territories of eastern Ukraine, Bitcoin transfers remain one of the few options. “Bitcoin is being used in the eastern territories [of Ukraine].” – Igor Chepkasov, CCFR Chairman Economic blockade

In November 2014, the President of Ukraine, Petro Poroshenko, ordered the National Bank of Ukraine to make banks stop all money transactions in territories not under direct governmental control. […]

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