monobank did not support bitcoin payments due to the “bad reputation” of the asset


Ukrainian monobank has no plans to add bitcoin as a payment option for its services. This was stated by the co-founder of monobank Mikhail Rogalsky in an interview with Forbes Ukraine.

According to him, the first cryptocurrency “has a very bad reputation” with European and Ukrainian regulators.

“Since we have our main important business, it would be illogical to put it at risk by working with a high-risk asset,” Rogalsky said.

He also noted that now the issue of cryptocurrency in Ukraine is “unsafe”. The only advantage of digital assets over fiat Rogalsky called the ability to bypass the control of the local regulator.

“I don’t think that bitcoin will ever be freely circulating in our country, precisely because historically the NBU regulates the foreign exchange market. My personal opinion is that the National Bank [не одобрит]so that banks can freely conduct operations with crypto,” summed up the co-founder of monobank.

ForkLog requested additional comments from bank representatives.

Recall that in July 2021, monobank announced plans to issue bitcoin cards that would allow bank customers to carry out transactions with cryptocurrency. The project, according to our information, was planned to be implemented in partnership with the WhiteBIT exchange.

However, in December of the same year it became known that the project had not received approval from the National Bank of Ukraine.

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