Ukraine Bans Bitcoin Purchases With National Currency Amid Martial Law

  • The Ukrainian central bank has banned bitcoin purchases with the national fiat currency.
  • The bank said the move seeks to prevent “unproductive” capital outflows in a bid to preserve the health of the country’s FX market.
  • In addition to cryptocurrency buys, the new rules also target electronic wallet deposits, FX transactions and travel payments.

The Ukrainian central bank is now prohibiting citizens from purchasing bitcoin with the local fiat currency, the hryvnia (UAH), as it attempts to curb capital outflows under martial law.

statement Thursday.

NBU board resolution from April 20, which went into effect on the same day.

— With assistance by Alyona Nevmerzhytska.