{"id":24311,"date":"2025-05-27T16:17:03","date_gmt":"2025-05-27T13:17:03","guid":{"rendered":"https:\/\/forklog.com\/en\/weld-money-to-cease-operations-in-ukraine\/"},"modified":"2025-05-27T16:17:03","modified_gmt":"2025-05-27T13:17:03","slug":"weld-money-to-cease-operations-in-ukraine","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/weld-money-to-cease-operations-in-ukraine\/","title":{"rendered":"Weld Money to Cease Operations in Ukraine"},"content":{"rendered":"<p>Ukrainian fintech startup Weld Money has announced it will cease operations. Customers are advised to withdraw funds by June 30.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24WELD&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$WELD<\/a> Money are shutting down due to military &#038; regulatory limits in Ukraine.<br \/>Please withdraw funds by June 30 from all wallets &#038; cards.<br \/>Support \u2014 via Telegram: <a href=\"https:\/\/twitter.com\/AlexeyBobok?ref_src=twsrc%5Etfw\">@alexeybobok<\/a><a href=\"https:\/\/twitter.com\/hashtag\/WELD?src=hash&#038;ref_src=twsrc%5Etfw\">#WELD<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/WeldMoney?src=hash&#038;ref_src=twsrc%5Etfw\">#WeldMoney<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/shutdown?src=hash&#038;ref_src=twsrc%5Etfw\">#shutdown<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Ukraine?src=hash&#038;ref_src=twsrc%5Etfw\">#Ukraine<\/a> <a href=\"https:\/\/t.co\/vhHTkS4a0Y\">pic.twitter.com\/vhHTkS4a0Y<\/a><\/p>\n<p>\u2014 WeldMoney (@MoneyWeld) <a href=\"https:\/\/twitter.com\/MoneyWeld\/status\/1927261185625206862?ref_src=twsrc%5Etfw\">May 27, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBe sure to withdraw all funds from your cards and wallets by June 30. Access may be restricted after this date,\u201d the team stated.<\/p>\n<\/blockquote>\n<p>The decision to halt operations was attributed to military and regulatory constraints in Ukraine.<\/p>\n<p>Local media <a href=\"https:\/\/dev.ua\/news\/oboviazkovo-znimit-usi-koshty-do-30-chervnia-pislia-tsiiei-daty-dostup-mozhe-buty-obmezhenyi-chomu-kryptostartap-weld-prypyniaie-diialnist-1748323748\">noted<\/a> that users had been lodging complaints about the service on the Telegram channel as early as March.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXfXcvM4lmXQwSSQV_idZM4AQHWS7DrqTcBzNs1E-lN5ikUcQqdWT95tbVZXqwFpYTkBZwshS_IUGyQtcMvrYrtLOIYBFRYYrTC-dSF8Yj8kMj_0LN3ksANKideGxNTNeTN-QvIn?key=CEidFYu7gdxDwa0LPSrLcg\" alt=\"Weld Money to Cease Operations in Ukraine\"\/><figcaption class=\"wp-element-caption\">Source: Dev.ua.<\/figcaption><\/figure>\n<p>Weld Money was founded in 2020 by Alexey Merecki, Alexey Bobok, and Irina Lorenz. Initially, the project focused on traditional finance and managing accounts from various banks within a single mobile application.<\/p>\n<p>In 2022, in collaboration with Unex Bank, the startup launched Ukraine&#8217;s first <a href=\"https:\/\/forklog.com.ua\/exclusive\/kava-za-kryptu-yak-pratsyuye-ukrayinska-kryptokartka-weld-na-bazi-mastercard\">cryptocurrency payment card<\/a> based on the Mastercard system. It operated by connecting a wallet on the WhiteBIT and HTX (formerly Huobi) exchanges and supported transactions in stablecoins USDT, USDC, BUSD, and DAI.<\/p>\n<p>ForkLog has requested comments from Alexey Bobok.<\/p>\n<p>Back in late January 2025, the Ukrainian bitcoin exchange Kuna <a href=\"https:\/\/forklog.com\/en\/news\/ukrainian-cryptocurrency-exchange-kuna-to-cease-operations\">announced<\/a> its intention to cease operations in all countries. On April 30, the platform <a href=\"https:\/\/forklog.com\/en\/news\/kuna-halts-deposits-and-announces-closure-date\">completely halted operations<\/a> and shut down its servers.<\/p>\n<p>As of May 20, the cryptocurrency wallet Trustee Plus <a href=\"https:\/\/forklog.com\/en\/news\/trustee-plus-halts-ukrainian-registrations-shifts-focus-to-eu\">stopped registering<\/a> Ukrainian residents and shifted its focus to the EU.<\/p>\n<p>The reasons behind the exodus of cryptocurrency companies from Ukraine were discussed in the \u201cPodcast Society\u201d with Allbridge.io co-founder Andrey Velikiy.<\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/kIqdZbhAZUA?si=86wdSmLZzRu-hVFs\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ukrainian fintech startup Weld Money has announced it will cease operations. Customers are advised to withdraw funds by June 30. $WELD Money are shutting down due to military &#038; regulatory limits in Ukraine.Please withdraw funds by June 30 from all wallets &#038; cards.Support \u2014 via Telegram: @alexeybobok#WELD #WeldMoney #crypto #shutdown #Ukraine pic.twitter.com\/vhHTkS4a0Y \u2014 WeldMoney (@MoneyWeld) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1198,16,57],"class_list":["post-24311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-payments","tag-ukraine","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"218","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=24311"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24311\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/24310"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=24311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=24311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=24311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}