Greetings, dear crypto enthusiasts and lovers of financial adventures! Today we will dive into the depths of the Trustee Plus project — a Ukrainian cryptocurrency wallet with ambitions to become your favorite payment tool. But is everything as smooth as it seems? Let's figure it out together.
🧐 What is Trustee Plus?
Trustee Plus is a mobile application that combines the functions of a cryptocurrency wallet and a payment card. Founded by Ukrainian cryptocurrency enthusiasts, it allows you to store, exchange, and spend cryptocurrency in everyday life. Sounds tempting, doesn't it? But let's not rush to conclusions.
⚠️ Pitfalls and legal troubles
Custodial wallet: Trustee Plus stores your private keys on its servers. This means that you are trusting your funds to a third party. Remember the old crypto saying? "Not your keys — not your crypto". So, if the service suddenly "goes on vacation", your funds may go with it.
Lack of clear regulation: Ukrainian legislation regarding cryptocurrencies is currently in the process of formation. The law "On Virtual Assets" has been adopted, but it has not yet come into force as it depends on amendments to the Tax Code. This means that the legal status of services like Trustee Plus remains uncertain.
Taxation: The use of cryptocurrency cards may attract the attention of tax authorities. Currently, the mechanism for taxing cryptocurrency income in Ukraine is not defined. So, if you don't want unexpected "letters of happiness" from the tax office, it's wise to be cautious.
🇺🇦 Use of the Trustee Plus card by Ukrainians
Ukrainians can order a Trustee Plus card for 10 euros and use it for payments in stores or online. However, withdrawing cash may not be the best idea due to fees. Some users recommend withdrawing cash through supermarket cashiers, but that's up to your discretion.
🏛️ Legality of Trustee Plus activities
Trustee Plus positions itself as an innovative financial tool. However, due to the lack of clear regulation of the cryptocurrency market in Ukraine, their activities remain in a "gray area". The company's CEO, Vadim Grusha, emphasizes the need for legislative regulation for the positive development of the market.
🎭 Conclusion
Trustee Plus is an attempt to integrate cryptocurrency into the everyday life of Ukrainians. However, like any financial novelty, it has its risks. Before trusting your funds to this service, weigh all the "pros" and "cons". And remember: in the world of cryptocurrencies, caution is not paranoia, but a necessity.
Stay vigilant and let your investments be under reliable protection.
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