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Binance recommends P2P as Ukraine suspends fiat deposits on exchanges

Cryptocurrency exchange Binance is recommending the use of peer-to-peer (P2P) services following restrictions imposed by the National Bank of Ukraine (NBU). Ukraine temporarily suspended hryvnia, its national currency, via banking cards for fiat deposits and withdrawals on crypto exchanges. Binance recommends using P2P services Binance and the leading Ukrainian exchange, Kuna, announced temporary

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Binance recommends P2P as Ukraine suspends hryvnia use on crypto exchanges

Ukraine temporarily suspended the use of its national currency, the hryvnia, via banking cards for fiat deposits and withdrawals on crypto exchanges. While the move immediately impacted how investors move funds to and from exchanges, Binance reminded users about how peer-to-peer (P2P) services come in handy when trading cryptocurrencies.Following the

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Ukraine netted $70M in crypto donations since start of Russia conflict

Ukraine has received over $70 million in the form of cryptocurrencies since the start of the Russian-Ukrainian conflict, providing the nation with military equipment and humanitarian assistance.The figures came from a Feb. 24 report by blockchain data platform Chainalysis, which found the majority of the funds to have come in

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Ukraine Raises More Crypto Than Russia in Year of War, Analysis Unveils – Bitcoin News

The two sides in the bitter conflict in Ukraine have been relying on crypto assets and technology to support their military and humanitarian activities, Elliptic says in a report. According to the blockchain forensics company, the targeted nation has attracted more digital asset donations than the invading power. Ukraine Supporters

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Ukraine Speeds Up Digital Hryvnia Project, Plans Pilot for This Year – Finance Bitcoin News

Ukrainian authorities are speeding up the development of the electronic hryvnia, a high-ranking government official indicated. The executive power in Kyiv is now in talks with the central bank and businesses involved in the project to pilot the digital currency as early as this year. Minister Says Ukraine Aims to Launch

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Artists Pussy Riot and Shepard Fairey Team Up to Raise Money for Ukraine Through NFT Collection

Tolokonnikova began creating Putin’s Ashes in August, when Pussy Riot members burned an image of Russian President Vladimir Putin in a protest. Collecting the ashes from the event, Tolokonnikova bottled them to create the artwork for the NFT collection. The collection also features work by Fairey in his signature style,

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Ukraine to Be Best Crypto Jurisdiction With New Tax Rules, Digital Minister Says in Davos – Regulation Bitcoin News

Ukraine will become the world’s best jurisdiction for crypto assets, the minister overseeing the country’s digital transformation promised. Speaking with media at the World Economic Forum in Davos, Mykhailo Fedorov praised the support from the crypto community for his war-struck nation. Crypto Donations Have Been Critically Helpful to Ukraine Amid Invasion,

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VanEck Suspends Russia ETFs Due to Prolonged Inactivity after Russia’s Invasion of Ukraine

Investment firm VanEck recently suspended two Russia ETFs as Western sanctions bite hard on profitability.New York-based asset manager VanEck is liquidating its Russia exchange-traded funds (ETFs) following a lack of Western investment interest. According to VanEck, since the Russian-Ukraine strife began, US investment in Russia has effectively dried up. The

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Ukraine collabs with international consultants to update crypto framework

Working on their national crypto framework, the amendments to the law “On virtual assets,” the Ukrainian regulatory community actively collaborates with international experts. The list includes the international consultancy firm Ernst&Young and the USAID Financial Sector Reform project. On Dec. 1, the Advisory Council on the Regulation of Virtual Assets, organized by the

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National Bank of Ukraine Unveils E-hryvnia Concept – Finance Bitcoin News

The central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-hryvnia. The regulator is currently considering several potential applications for its digital coin, including retail payments and cross-border settlements. Ukraine’s Monetary Authority Introduces Banks and Businesses to E-hryvnia Project The National

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