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Bitcoin Isn’t a Currency nor A Payment Instrument: Ukraine’s Central Bank

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The National Bank of Ukraine (NBU) has revealed its stance on digital currencies like bitcoin, at a time when it’s developing a legal and regulatory framework for cryptocurrencies in the country.
The deputy head of Ukraine’s central bank, Oleg Chury, has revealed that the NBU will not recognize cryptocurrencies like bitcoin as currencies. The official was speaking at the Ukrainian Financial Forum when he also claimed that cryptocurrencies will not be recognized as a legal method of payment in Ukraine, unlike Japan.
In quotes reported by regional publication FinClub, the central bank official stated:
We can say that this is definitely not a currency, because there is no central issuer. And we cannot recognize this as a means of payment.
The central banker went on to add that decentralized cryptocurrencies aren’t seen as a threat to central banks while claiming that they are susceptible to fraud.
The National Bank of Ukraine (NBU) has revealed its stance on digital currencies like bitcoin, at a time when it’s developing a legal and regulatory framework for cryptocurrencies in the country.
The deputy head of Ukraine’s central bank, Oleg Chury, has revealed that the NBU will not recognize cryptocurrencies like bitcoin as currencies. The official was speaking at the Ukrainian Financial Forum when he also claimed that cryptocurrencies will not be recognized as a legal method of payment in Ukraine, unlike Japan.
In quotes reported by regional publication FinClub, the central bank official stated:
We can say that this is definitely not a currency, because there is no central issuer. And we cannot recognize this as a means of payment.
The central banker went on to add that decentralized cryptocurrencies aren’t seen as a threat to central banks while claiming that they are susceptible to fraud.

Source: goo.gl/2U5AEg

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