{"id":326323,"date":"2022-04-22T13:57:47","date_gmt":"2022-04-22T17:57:47","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=326323"},"modified":"2022-04-22T13:57:47","modified_gmt":"2022-04-22T17:57:47","slug":"ukraine-bans-bitcoin-purchases-with-local-currency-as-martial-law-takes-effect","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ukraine-bans-bitcoin-purchases-with-local-currency-as-martial-law-takes-effect","title":{"rendered":"Ukraine bans Bitcoin purchases with local currency as martial law takes effect"},"content":{"rendered":"
The National Bank of Ukraine (NBU) is still taking measures to ensure no capital outflows following the negative economic effects caused by the Russian invasion. The country is now restricting cryptocurrency purchases amid the implementation of martial law.<\/p>\n
Ukraine’s local currency has taken a plunge after Russia invaded the country. Cryptocurrency activities in the country have increased significantly over the past few weeks as people try to preserve the purchasing power of their savings.<\/p>\n
Ukraine’s central bank has announced<\/a> a set of restrictions on cross-border payments. One of these restrictions involves barring individuals from purchasing cryptocurrencies such as Bitcoin using hryvnia, Ukraine’s local currency.<\/p>\n