Ukrainian monobank to halt SEPA transfers from Binance

The Ukrainian online bank monobank said that from February 24 it will stop processing [simple_tooltip content=’единая зона платежей в евро’]SEPA[/simple_tooltip]-transfers from the cryptocurrency exchange Binance.

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The reason for such a decision was foreign intermediary banks — monobank said they prohibit transfers related to Binance.

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Earlier ForkLog found that in the bank’s internal rules it says that the bank cannot process SWIFT payments if “there is a suspicion that they are related to activities prohibited by Ukrainian law.” The bank Bitcoin exchanges and electronic currencies, although there is no statutory ban on them in Ukraine.

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Earlier this February, monobank co-founder Oleg Gorohovsky admitted that holds a sizeable portfolio of bitcoins.

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