Monobank’s internal rules mention a ban on crypto exchanges — but no such ban exists
In the internal rules of the popular Ukrainian online bank Monobank, it states that the bank cannot process SWIFT payments if 'there is a suspicion that they are connected with activities prohibited by the laws in force in Ukraine.' The list of such activities includes crypto exchanges and electronic currencies. Given the absence of a statutory ban on cryptocurrencies or on the operation of crypto exchanges in Ukraine, ForkLog's editors sought to determine the bank's basis for its policy.