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The national Bank determined the status of Bitcoin in Ukraine

Нацбанк определил статус Bitcoin в УкраинеBitcoin is neither a currency nor a payment instrument – NBU.

The national Bank of Ukraine (NBU) has decided on the status of Bitcoin (bitcoin). The controller can’t recognize cryptocurrency currency and warns of risks of fraud.

This was stated by Deputy head of the NBU Oleg Churiy.

“We can say that this is definitely not currency, because there is no Central Issuer. And we can not accept this means of payment”, – he explained.

According to him, the world’s regulators are not concerned about any threat of cryptocurrencies due to their small volume. They are only concerned about the fact that people can lose money by investing in them, and fraud, which can be with them.

He was supported by the head of the securities Commission Timur Limp: “there is No media coverage, no protection of investors ‘rights”.

We will remind that in April, Japan enacted a bill granting bitcoin and other cryptocurrencies status of means of payment. It is also known that South Korea also intends to legalize cryptocurrency.

Last week the bitcoin exchange rate moved sharply upwards to more than $4,000 for a coin, overcoming a sharp drop associated with the message on the suspension of trading in China.

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