🇺🇦 Ukraine’s Central Bank Draws a ‘Red Line’ on Crypto Payments

📢 In a recent interview, National Bank of Ukraine (NBU) Governor Andriy Pyshnyy made the country’s stance on crypto crystal clear:

“Allowing crypto as a legal tender is a red line.”

🔑 Key Takeaways:

✅ Ukraine supports crypto legalization — but not as a direct means of payment

🛡 Goal: strengthen the financial system without undermining monetary policy tools

⚠️ Crypto must not bypass currency controls during martial law

🌍 Legislation will align with FATF standards and EU regulations

⚖️ Focus is on regulation, stability, and preventing risks to the banking system

📊 This measured approach contrasts with Vietnam’s recent move to legalize Bitcoin and other cryptocurrencies as payment, highlighting how different nations are balancing innovation with monetary sovereignty.

🔍 Question for the community:

Is restricting crypto from being legal tender the right path to ensure stability — or could it slow down innovation in the long run?

#Ukraine #Crypto #Blockchain #Fintech #Regulation

https://coingape.com/allowing-crypto-as-legal-tender-red-line-ukraine-central-bank/?utm_source=bnb&utm_medium=coingape