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Ukraine’s central bank demands registration of Bitcoin businesses
bitcoinexaminer.org ^ | Monday , 17 February 2014 | bitcoinexaminer

Posted on 02/16/2014 5:27:13 PM PST by TWhiteBear

The National Bank of Ukraine (NBU) has decided that all businesses operating in the cryptocurrency ecosystem as payment systems or payment infrastructure services must register with the institution and follow the general law.

“The payment systems and operators of infrastructure services for payment systems only have the right to conduct activities in Ukraine after registering with the National Bank of Ukraine”, announced the authority. Central Bank of Ukraine

Central Bank of Ukraine

In a statement quoted by the Ukranian site AIN.ua, the central bank also states that no other banks or legal organizations should be approached by these businesses when it comes to their registration process. In other words, the only way to do it is through the NBU.

The central bank’s first public Bitcoin-related announcement adds that the institution “did not address the banks or other entities regarding the registration of the payment systems”.

Besides, the institution is also warning the Ukrainian Bitcoiners about the “usual” risks of dealing with cryptocurrency, such as the volatility and the safety concerns. The NBU recalls that, despite its role as a regulator, the institution is not responsible for any loss associated with cryptocurrency that the users or investors might suffer.


TOPICS: Business/Economy; News/Current Events
KEYWORDS: bitcoin; ukraine
I did not think the governments could keep their mitts off this for very long.
1 posted on 02/16/2014 5:27:13 PM PST by TWhiteBear
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To: TWhiteBear

Eventually, no man will be able to buy or sell without....


2 posted on 02/16/2014 5:44:58 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: TWhiteBear

They are treating it like any other currency. Can’t ask for more than that.


3 posted on 02/16/2014 5:57:16 PM PST by Vermont Lt (If you want to keep your dignity, you can keep it. Period........ Just kidding, you can't keep it.)
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To: TWhiteBear
The Russians Ukranians think they are going to get their people to obey the law?

A snowball's chance in H - E - double hockey sticks.

4 posted on 02/16/2014 6:05:25 PM PST by cloudmountain
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To: TWhiteBear

Ukraine has bigger problems than Bitcoin. Their economy is taking a beating. Their currency (Hrivna) is down to 8.6 to the Dollar


5 posted on 02/17/2014 3:17:35 AM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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