The Ukrainian monobank has not been able to launch a Bitcoin card for three months due to the reluctance of the National Bank to approve the finished product.
One of the founders of monobank, Oleg Gorokhovsky, shared the degree of readiness of the company’s projects.
For the first time about the readiness of the monobank bitcoin card statedin July. At the same time, the bank announced integration with a crypto exchange.
However, the position of Ukrainian regulators has not changed since then and they continue to consider cryptocurrency transactions highly risky.
Perhaps the delay in NBU approval is also related to return to finalize the law “On Virtual Assets” in September of this year.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
What is stopping institutional investors from investing in cryptocurrencies?
The significant lack of cryptocurrency custody services has prevented institutional investors from diversifying their portfolios to include this volatile asset class. Currently, only Coinbase and Kingdom Trust provide custodial services.
About the benefits of digital banking
Many of us can no longer imagine our lives without online banking. Transfer funds, check accounts, pay bills - all this can be done with a few clicks on your computer or phone. All the latest innovations in the banking and financial sectors - blockchain, AI, eKYC - are digital. These innovations are designed to radically change the shape and form of banking.
