Posted on 04/26/2022 7:14:51 AM PDT by Tench_Coxe
The Ukrainian central bank is now prohibiting citizens from purchasing bitcoin with the local fiat currency, the hryvnia (UAH), as it attempts to curb capital outflows under martial law.
Under the new rules, the National Bank of Ukraine (NBU) is also limiting the amount of cryptocurrency people can buy with foreign currencies – an equivalent of UAH 100,000 (about $3,390) per month.
(Excerpt) Read more at bitcoinmagazine.com ...
It’s not a “convertible” currency, so I’m guessing private buys of dollars or euros are already illegal and the bitcoin thing was an attempted end run around that. Because bitcoin technically isn’t “money”.
Freedom decreases more every day.
Its a war, and every country manages their currency.
What’s much more troubling about our “dear allies” in Ukraine is their banning of opposition political parties, the banning of opposition media, and the very widespread kidnap and murder of opposition politicians, by completely out-of-control state security and Azov factions
What I think we are seeing is fleeing capital. I think its starting to happen here in the US to an extent. I know in the wake of what Trudeau (WEF stooge) did in Canada using the Emergencies Act spurred bank runs, even if the Canadian government or their media mouthpieces won't admit it.
If Biden--well really the people behind him--are left unchecked, you'll see it on a larger scale in the US. I think there is some awareness of this, which is why the push for digital currency controlled by a central bank (and the worst nightmare, suggedtions of "programmable" currency).
Ukraine to Russia:
No government is going to let Bitcoin take over their monetary monopoly.
No need to be a brain surgeon to see this coming!
Ah, clasic80’s Saturday morning anti- Drug comericals.
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