The National Bank of Ukraine is contemplating the introduction of a digital Ukrainian hryvnia that would be suitable for a range of applications, including the distribution of virtual assets and their subsequent trade. According to a press release issued on Monday, the Central Bank has met with representatives from the
High inflation has affected people in both nations as a result of the war’s economic toll. Ukrainian hryvnia-denominated trade volume increased by 121% to $307 million in March. There was a spike in crypto transactions between Russia and Ukraine shortly after hostilities broke out in late February. While Russian transactions
A total of $6.9 million was then spent on armored vests. It was reported by Elliptic that $5 million came from Polkadot co-founder Gavin Wood. Yesterday, Ukraine’s Vice Prime Minister Mykhailo Fedorov detailed the use of $54 million in cryptocurrency contributions. The most expensive item was unmanned aerial vehicles (or
Financial institutions support the U.S and international efforts to weaken Russia. Russian government using CVCs to evade widespread sanctions. The Bureau of Industry and Security (BIS) of the U.S. Department of Commerce, and the Financial Crimes Enforcement Network (FinCEN), issued an alert. That warning financial institutions to be on the
A currency devaluation of 25% was announced on Thursday. Withdrawals from payment cards have now been capped to 12,500 hryvnia per week. National Bank of Ukraine’s (NBU) new policies is a reaction to the changing economic foundations of the nation amid a continuous war with Russia. A currency devaluation of
The 3rd part of NFTs includes events that happen on March 15 – 31. The last drop of NFTs is to restore the Ukraine Cultural Institutions. The first NFTs battle museum in Ukraine collected more than $1 million for the armed forces. With this money, Ukraine has already purchased weapons
Crypto Mining to commence effectively in Russia. Mining to be soon legalized, with the bill already passed. All mined crypto to be sold outside Russia. The Central Bank of Russia (CBR) announces officially that crypto and crypto mining will be legalized back in Russia, provided all the cryptos mined in
Donations were made in March to the Ukrainian crypto fund with CryptoPunk #5364. The NFT was sold to an unidentified bidder for 90 ETH on Thursday. Over $100,000 has been collected for Ukraine’s military effort against Russia via the sale of a donated CryptoPunk NFT, the government of Ukraine stated.
Yarmolenko said the relationship was a method to improve EU links. Zhmerenetsky said that the EU-wide blockchain alliance would help Ukrainian migrants. This week, Ukraine joined the European Blockchain Partnership (EBP), a cross-border public service project developed by 27 EU member states after Norway and Liechtenstein. EU’s Digital Economic Sphere
Cryptocurrency is a value reservoir, unaffected by fiat and government policy instruction. Russia’s central bank accepts crypto payments. To defend against Russia’s invasion of Ukraine, many corporations have withdrawn from the country and all western countries banned financial services to Russia but still, top crypto exchanges are supporting financial services
