Ukraine Central Bank Suspends E-money Issuers, Limits Cash Withdrawals
Ukraine bank limited cash withdrawals
Following the declaration of martial law, Ukraine’s central bank temporarily suspended the country’s currency market, limited cash withdrawals, and prohibited the issuance of foreign currencies to the general public.
Cash withdrawals were capped at 100,000 Ukrainian hryvnias per day, or about $3,339.13 USD. The central bank also announced that the official exchange rate would be set for Thursday.
The Central Bank ordered “to suspend e-money issuers, replenish e-wallets with e-money, and distribute e-money to e-money issuing banks.” In this context, e-money most likely refers to fiat currency in digital forms, such as that held in a PayPal account or a cash app digital bank.
Separately, the PFTS Stock Exchange in Ukraine said Thursday’s trading would be postponed due to emergency events.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Ukraine Central Bank Suspends E-money Issuers, Limits Cash Withdrawals
Ukraine bank limited cash withdrawals
Following the declaration of martial law, Ukraine’s central bank temporarily suspended the country’s currency market, limited cash withdrawals, and prohibited the issuance of foreign currencies to the general public.
Cash withdrawals were capped at 100,000 Ukrainian hryvnias per day, or about $3,339.13 USD. The central bank also announced that the official exchange rate would be set for Thursday.
The Central Bank ordered “to suspend e-money issuers, replenish e-wallets with e-money, and distribute e-money to e-money issuing banks.” In this context, e-money most likely refers to fiat currency in digital forms, such as that held in a PayPal account or a cash app digital bank.
Separately, the PFTS Stock Exchange in Ukraine said Thursday’s trading would be postponed due to emergency events.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
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