Ukrainian e-bank plans to offer Bitcoin trading in July

Ukrainian e-bank plans to offer Bitcoin trading in July

As the Ukrainian government progresses with cryptocurrency-related legislation, a major local e-bank is preparing to launch a debit card featuring Bitcoin (BTC) trading.

Ukrainian online banking application Monobank has completed a pilot integration with a cryptocurrency trading platform, Monobank co-founder Oleg Gorokhovsky announced Monday.

Our top trading bots

According to the executive, the new integration will enable Monobank users to buy and sell Bitcoin with a debit card. Monobank expects to release the new feature later this month pending approval from the National Bank of Ukraine, Gorokhovsky noted.

Launched in 2017, Monobank operates under the license of Universal Bank owned by tycoon Sergey Tigipko, a former central bank chief and ex-deputy prime minister of Ukraine. As of August 2020, Monobank’s user base reportedly amassed over 2.5 million customers.

Monobank’s Gorokhovsky, who is also a former deputy board chairman at PrivatBank — the largest commercial bank in Ukraine — expressed his optimism about Bitcoin earlier this year. In a Facebook post in February, Gorokhovsky said that Tesla’s $1.5-billion Bitcoin purchase finally convinced him to believe that Bitcoin is here to stay. He also disclosed a substantial personal stake in Bitcoin, predicting that BTC will have hit $100,000 by 2022.

Related: Ukraine taps Stellar to develop digital asset infrastructure, including CBDC framework

Ukrainian authorities are steadily progressing with a set of digital currency-related bills. Oleksandr Bornyakov, deputy minister of the Ministry of Digital Transformation, announced last Wednesday that the authority recommended the adoption of an updated draft bill “On Virtual Assets” in the second reading.

On Wednesday, the Ukrainian parliament also passed new legislation regulating payment methods, including regulations regarding Ukraine’s central bank digital currency.

Read on concerning Cointelegraph
Bitcoin falls back below $38,000 as Amazon denies imminent crypto plans
By Samuel IndykInvesting.com – After breaching $40,000 on optimism that Amazon might imminently begin accepting cryptocurrencies as payment on its site,...
NEM, Augur and District0x price push higher while Bitcoin trades below $32K
Bitcoin (BTC) is on the verge of closing another week that saw the price dip closer to $30,000 but the same bearish observation cannot be made for all altcoins....
Crypto options are turning mainstream
Despite ongoing vaccination efforts and pandemic aid, the world’s economy looks remarkably different than it did over a year ago. The new financial landscape...
Visa reports over $1 billion in crypto spending in H1 2021
Global payments giant Visa will continue to support the development and adoption of the cryptocurrency industry as part of its business, the company said...
Your keys, his coins — Cryptopia employee admits to stealing $172K in crypto
A former employee of the now-defunct cryptocurrency exchange Cryptopia has pleaded guilty to the theft of roughly $172,000 in cryptocurrency he obtained...
Sygnia CEO criticizes Elon Musk for alleged Bitcoin pump and dump
Magda Wierzycka, one of the richest women in South Africa and CEO of financial services company Sygnia, said Tesla CEO Elon Musk would likely have been...
Sotheby’s moves $10 million CryptoPunk to solo auction event
One ultra-rare CryptoPunk is set for some extra stage time at a hotly anticipated upcoming auction. In a Tweet today, luxury auction house Sotheby’s announced...
Bitcoin ticks back in Asia after Musk tweet sent price down 17%
By Kevin Buckland and Alun JohnTOKYO/HONG KONG (Reuters) - Bitcoin rebounded to about $50,000 in Asian trading on Thursday after plunging as much as 17%...
Shanghai Man: VeChain on TV, DOGE flips BTC volume, Hotbit hack and more ...
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects,...
Biggest one day USDC print in history marks lowest Bitcoin dominance in years
More USD Coin (USDC) was printed on April 30 than at any time in the dollar-backed stablecoin’s existence, as just over $3 billion was minted in one fell...
VORTECS Report: Markets Pro sounds the alert as RUNE, DOGE and XRP skyrocket
It’s been a spectacular week for the Cointelegraph Markets Pro VORTECS™ Score, which alerted subscribers to several of the top crypto asset price movers...
NYDIG raises $100 million and launches 'Bitcoin-powered' insurance initiative
New York Digital Investment Group announced the completion of a growth capital funding round as well as the launch of a business initiative relating to...
Digital ruble is ‘highest form of money’, Russian Bitcoin critic says
Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, believes that the country’s not-yet-launched digital currency is the...
EOS Falls 13% In Rout
Investing.com - EOS was trading at $3.5571 by 18:20 (22:20 GMT) on the Investing.com Index on Wednesday, down 13.21% on the day. It was the largest one-day...
Bill Gates Accused Cryptos of People’s Deaths, Related to Drug Sells
One of the wealthiest people on the planet, Microsoft Corporation top patron and opinion leader on the sphere of technologies Bill Gates believes that...