p2p | ForkLog - Part 2

ForkLog 28 19.12.2024

Ukrainian Financial Institutions Endorse P2P Transfer Restrictions

A memorandum imposing restrictions on outgoing transfers without documented sources of funds has been joined by 23 Ukrainian banks and two payment systems, according to a report from the Association of Ukrainian Banks (AUB). In addition to financial companies NovaPay and RozetkaPay, the signatories include: Ukreximbank; Ukrgasbank; KRISTALBANK; Globus Bank; MTB Bank; Radabank; Idea Bank; […]

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ForkLog 26 10.12.2024

Ukrainian Banks Tighten Limits on Outgoing Transfers

Ukraine’s largest banks have signed a memorandum imposing restrictions on outgoing transfers without documentary proof of income, according to RBC-Ukraine. The new rules have been approved by monobank, Oschadbank, OTP Bank, PrivatBank, PUMB, Raiffeisen Bank, Tascombank, and Universal Bank. The memorandum remains open for further signatories. For high-risk clients, the limit is set at 50,000 […]

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ForkLog 50 01.11.2024

NoOnes: how ex-Paxful chief Ray Youssef’s P2P project works

In October ForkLog held an AMA session with NoOnes CEO Ray Youssef. The new project from the former Paxful chief targets the Global South and offers a P2P platform, instant conversion of digital assets, gift-card sales and a wallet with Lightning Network support. This article explains NoOnes and tests crypto exchange on the platform. Who […]

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ForkLog 13 09.09.2024

Ukrainian Central Bank Urges Joint Monitoring of P2P Transfers by Banks

The National Bank of Ukraine has called on commercial banks to collaborate in monitoring P2P transfers to prevent fraud under the 150,000 hryvnia limit established from October 1st. According to NBU Deputy Chairman Dmytro Oleinik, some financial institutions neglect to combat “drops,” prioritising customer base growth over the risks of using the bank for money […]

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ForkLog 13 27.08.2024

Ukraine’s Central Bank Sets Limits on P2P Transactions

Starting October 1, the National Bank of Ukraine will impose restrictions on outgoing P2P transfers between individuals for a six-month period. The limit is set at 150,000 hryvnias per month and applies to all accounts held by a client within a single bank. The restrictions do not apply to volunteers meeting the regulator’s criteria or […]

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ForkLog 10 13.08.2024

Ukraine’s P2P Transaction Limits Threaten Crypto Market, Say Experts

Ukraine’s National Bank aims to finalise a draft decision on limiting the number of P2P transactions for individuals by the end of the week. This was stated by the head of the regulator, Andriy Pyshny, in an interview with Ekonomichna Pravda. The document will introduce limits on card-to-card transfers between individuals. It is expected that […]

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ForkLog 15 25.07.2024

Russian Banks’ New Anti-Fraud Measures May Hinder Cryptocurrency Exchange

From July 25, Russian banks have implemented a new mechanism for the return of funds stolen by fraudsters. This could significantly complicate P2P cryptocurrency exchange operations, senior partner of the Emet law firm, Eduard Davydov, told ForkLog. In the event of theft, a client must contact the bank, which, after reviewing the claim, is obliged […]

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ForkLog 10 10.07.2024

What is money worth? How currency sanctions affected Russia’s P2P market

On 12 June the Moscow Exchange and the National Clearing Centre (NCC) were added to the sanctions list of OFAC. The next day the venue halted trading in the dollar and the euro. ForkLog examined how the sanctions have affected Russia’s crypto P2P market and why digital assets have become more attractive to local investors. […]

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ForkLog 18 05.06.2024

Mass Arrest of Bybit P2P Traders in Moscow Reported by Lawyers

In Moscow, law enforcement has detained over ten clients of the cryptocurrency exchange Bybit, who were conducting P2P transactions on the platform and inadvertently became counterparts to those who embezzled funds from a monastery. This was reported by the legal agency Cartesius. According to their information, the situation is linked to the embezzlement of 26.4 […]

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ForkLog 9 29.05.2024

Mastercard Launches Pilot for Cryptocurrency P2P Transfer Service

Payment giant Mastercard announced the pilot launch of its Crypto Credential service for cryptocurrency transfers between users. Before conducting a transaction, each client will receive a readable identifier similar to ENS domains. Participants will not need to provide cumbersome cryptocurrency wallet addresses, and Mastercard guarantees the verification of each user. “Crypto Credential notifies which assets […]

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ForkLog 8 23.05.2024

Ukraine’s Central Bank to Limit P2P Transactions for Individuals

NBU will impose restrictions on outgoing card-to-card transfers by individuals to combat shadow schemes. This was reported by Forbes, citing a statement from the deputy head of the regulator, Dmytro Oleynik. Currently, a limit of 30 outgoing transfers per month with a total amount not exceeding 100,000 hryvnias is under discussion. The NBU will finalize […]

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ForkLog 6 21.05.2024

Wallet Integrates Notcoin Support on P2P Platform

The Wallet integrated into the Telegram messenger has launched P2P trading for the NOT token of the Web3 gaming project Notcoin. Users will be able to buy and sell coins on Telegram using more than 290 supported payment methods. From May 20 to 22, all transactions on the P2P market will be free of charge. […]

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