Ukraine Planning To Boost The Crypto Industry Through New Fiat Rules.

Ukraine has imposed new rules restricting Fiat usage, which would help boost the crypto economy. The National Bank of Ukraine had introduced specific new rules due to changes in the country’s financial real situation due to the ongoing military war with Russia.

New Restrictions Are Temporary

Part of the restrictions also includes the substitution of the 50,000-hryvnia ceiling for withdrawals with that a weekly limit of 12,500 ($340). Additionally, Peer-to-peer transfers from the cards issued by Ukrainian banks have been reduced from 100,000 hryvnia to 30,000 hryvnia.

Surged Interest In Crypto

The restrictions by the National Bank of Ukraine have now spiked the interest in cryptocurrencies.