Ukraine | ForkLog

ForkLog 14 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 9 05.09.2024

Kyiv Residents Suspected of Illegal Cryptocurrency Exchange

The Kyiv City Prosecutor’s Office announced suspicions against two organizers of an online cryptocurrency exchange operating with payment systems unregistered in Ukraine. According to the investigation, the 23-year-old individuals have been exchanging hryvnia for various cryptocurrencies and electronic money from sanctioned services since 2024, including those located in Russia. The transactions were conducted using bank […]

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ForkLog 6 02.09.2024

Ukrainian Cyber Police Arrest Impostors for Extorting 250,000 USDT

Ukraine’s Cyber Police apprehended four individuals suspected of extorting 250,000 USDT (10 million hryvnias) from an online business owner. According to case materials, the incident occurred in May. The 20-year-old victim reported that unknown individuals posed as law enforcement officers and accused him of treason, allegedly due to cooperation with Russia. To prevent further action, […]

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ForkLog 12 30.08.2024

Ukraine Considers Cryptocurrency Legalisation as an Alternative to Tax Increases

The legalisation of cryptocurrencies in Ukraine could serve as an effective alternative in the search for new sources of tax revenue, according to Alexander Bornyakov, Deputy Minister of Digital Transformation for IT Development. He proposed developing incentivising taxation for transactions involving this new class of assets, maintaining a balance between the interests of the state […]

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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 9 16.08.2024

Ukrainian Blogger Suspected of Tax Evasion via Cryptocurrency

Officials from Ukraine’s BEB have reported suspicions against a well-known blogger-arbitrator for evading over 213 million hryvnias ($5.1 million) in taxes. His assets have been frozen. According to the case materials, the suspect, along with acquaintances, established a commercial company to conduct internet traffic arbitrage, promoting various goods and services. Their clients included online casinos, […]

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ForkLog 8 15.08.2024

Ukrainian MP Highlights Challenges in Bitcoin Market Legalisation

Ukrainian MP and co-author of amendments to the law “On Virtual Assets,” Yaroslav Zheleznyak, explained the reasons behind the delay in implementing cryptocurrency market regulations. According to him, the working group is striving to find a balance between adhering to AML standards, taxation, and creating business-friendly rules. “[It is unacceptable for our jurisdiction to be […]

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ForkLog 11 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 9 12.08.2024

Kyiv Court to Hear Case of Fraudulent Cryptocurrency Investment Scheme

Ukrainian law enforcement has concluded its investigation into ten members of a criminal group accused of soliciting funds under the guise of cryptocurrency investments. This was reported by the press service of the Kyiv City Prosecutor’s Office. The scheme was orchestrated by three residents of the Zhytomyr region, with acquaintances from various regions of Ukraine […]

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ForkLog 8 12.08.2024

Ukrainian Official Accused of Illegal Cryptocurrency Mining

The head of a municipal enterprise in Chernihiv has been accused of stealing electricity for cryptocurrency mining and other illicit enrichment schemes. This was reported by the National Police of Ukraine. Law enforcement discovered a mining farm in a technical room behind the elevator on the premises of the municipal enterprise. According to the investigation, […]

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ForkLog 11 04.08.2024

Ukrainian National Guard Soldiers Implicated in Cryptocurrency-Related Murder in Kyiv

A foreign national, murdered in Kyiv over digital assets, was allegedly kidnapped by members of Ukraine’s National Guard. This was reported by Strana, citing sources within law enforcement. According to these sources, one of the soldiers proposed a cryptocurrency transaction to the victim. He then allegedly informed three fellow servicemen that the foreigner had assaulted […]

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ForkLog 10 29.07.2024

Foreign National Murdered in Kyiv Over Bitcoin

The Kyiv police are investigating the kidnapping and murder of a foreign national aimed at seizing his cryptocurrency worth approximately 7 million hryvnias (over $170,000). According to the case materials, four perpetrators abducted a 29-year-old man from his home in the Solomianskyi district of the capital and took him to an abandoned building in the […]

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