{"id":86970,"date":"2023-11-13T18:49:02","date_gmt":"2023-11-13T16:49:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86970"},"modified":"2025-09-13T08:55:17","modified_gmt":"2025-09-13T05:55:17","slug":"privatbank-comments-on-card-blocks-over-cryptocurrency-transactions","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/privatbank-comments-on-card-blocks-over-cryptocurrency-transactions\/","title":{"rendered":"PrivatBank comments on card blocks over cryptocurrency transactions"},"content":{"rendered":"

Ukrainian users complained about PrivatBank and Monobank card blocks after buying and selling cryptocurrencies. One complaint appeared on the local site \u00ab\u041c\u0438\u043d\u0444\u0438\u043d\u00bb<\/a>.<\/p>\n

\\\"skarga-pryvat\\\"
Data: \u00ab\u041c\u0438\u043d\u0444\u0438\u043d\u00bb.<\/figcaption><\/figure>\n

In the complaint, a PrivatBank client said that he carried out numerous P2P exchange transactions on the Bybit exchange, after which the bank refused to continue servicing him and offered to return the funds.<\/p>\n

Representatives of the financial institution, in their reply to the user, explained that this was in accordance with anti-money-laundering requirements.<\/p>\n

\n

\u00abThe bank is obliged to ensure the identification of financial transactions subject to financial monitoring, before and during their execution\u00bb, said in the statement.<\/p>\n<\/blockquote>\n

Separately, in a comment to the publication Incrypted, PrivatBank’s support described the information about card blocks circulating online as ‘fake’. They also clarified that ‘no new financial-monitoring rules are being applied to clients’.<\/p>\n

\n

\u00abIf operations and card turnover exceed the information the client previously provided, the bank may request transaction data\u00bb, added by the support.<\/p>\n<\/blockquote>\n

Monobank customers faced similar problems, with ‘large inflows in the last seven days’.<\/p>\n

\\\"skargu-mono\\\"
Data: Incrypted.<\/figcaption><\/figure>\n

The bank’s support told journalists that the reasons for the card blocks could vary, with ‘withdrawal of funds from cryptocurrencies’ not being prohibited.<\/p>\n

ForkLog requested additional comments from the financial institutions’ press offices.<\/p>\n

In March 2023, Ukrainian cryptocurrency exchanges reported a temporary suspension of operations<\/a> through hryvnia bank cards. Later it turned out<\/a> that this was related to anti-money-laundering and tax-evasion in the gambling sector.<\/p>\n

Back in March 16, 2022, PrivatBank temporarily prohibited its clients from funding hryvnias to cryptocurrency exchanges<\/a>. The restriction is tied to the National Bank’s decision and applies during the period of martial law.<\/p>\n

Around the same time, Monobank told ForkLog UA that cross-border transfers were restricted, but within Ukraine, with hryvnia operations, there should be no difficulties.<\/p>\n

Later the bank explained withdrawal restrictions<\/a> on hryvnia from Bitcoin exchanges.<\/p>\n

In late April the NBU, aiming to curb capital outflow, restricted purchases of cryptocurrencies<\/a> up to 100,000 hryvnias per person per month.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ukrainian users complained about PrivatBank and Monobank card blocks after buying and selling cryptocurrencies.<\/p>\n","protected":false},"author":1,"featured_media":86971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1412,1731,151,16],"class_list":["post-86970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bans-and-restrictions","tag-monobank","tag-privatbank","tag-ukraine"],"aioseo_notices":[],"amp_enabled":true,"views":"43","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86970","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=86970"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86970\/revisions"}],"predecessor-version":[{"id":86972,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86970\/revisions\/86972"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/86971"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=86970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=86970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=86970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}