Regulators in Ukraine, Russia Tell Banks to Block Certain Types of Crypto Transfers

Banks on both sides of the Russia-Ukraine war are taking measures to restrict the flow of crypto funds overseas, with central banks keen to limit private citizens from making crypto-related cross-border transactions through banks. Forklog’s Ukraine service reported that PrivatBank, one of Ukraine’s largest commercial banks, had “temporarily banned its clients from transferring” fiat hryvnia holdings to crypto exchanges, claiming […]