The National Bank of Ukraine has partially banned crypto purchases amid martial law, saying they are “unproductive capital outflows.”
Henceforth, Ukrainians can only purchase crypto assets worth $3,300 monthly.
Ukraine is taking a new law into effect as a measure to prevent capital outflows from the nation. Following martial law, the National Bank of Ukraine (NBU) has now set limits on the number of cryptocurrencies citizens can purchase.
Of note, the new rule is among other restrictions on cross-border activities that the central bank’s board developed on Wednesday, and announced on Thursday. Ukrainians are henceforth prohibited from purchasing crypto assets using the country’s national currency, the hryvnia (UAH). Those wishing to purchase cryptocurrencies can only do so with foreign currencies, and even then, they are restricted to monthly purchases not exceeding 100,000 UAH ($3,300). The limit also applies to international peer-to-peer transactions.
Ukraine central bank
