PayPal is expanding its services to allow its users to send money to Ukrainians, the company announced on Thursday. Prior to this expansion, users in Ukraine could only use PayPal to send money out of the country. The expansion allows Ukrainian PayPal account holders to send and receive payments from friends and family around the world. Ukrainian …
PayPal expands services to allow users to send money to Ukrainians Read More
Ukraine has passed a law that creates a legal framework for the cryptocurrency industry in the country. The law allows foreign and Ukrainian cryptocurrencies exchanges to operate legally, according to the country’s Ministry of Digital Transformation. Ukraine’s President Volodymyr Zelenskyy has signed the law as Russia’s war on Ukraine continues underscoring the important role that …
Ukraine legalizes crypto sector as digital currency donations continue to pour in Read More
The Ukrainian government is to launch a non-fungible token marking the history of the Russian invasion with unique digital art, in its latest use of digital assets to fund its war efforts. The country’s deputy minister of digital transformation, Alex Bornyakov, said the NFT collection would be “like a museum of the Russian-Ukrainian war. We want to …
Ukraine to launch NFT to mark history of Russian invasion Read More
he Ukrainian government began soliciting cryptocurrency donations Saturday morning. The official Twitter account for Ukraine tweeted: “Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, ethereum, and USDT.” The tweet also includes a BTC address and an address for ETH and USDT donations. Mykhailo Fedorov, vice prime minister of Ukraine, also tweeted a similar message. Following the Ukrainian government’s solicitation of crypto donations, …
Last week Ukrainian startup Finmap announced the completion of $1.2 million round of funding, involving local and foreign investors. Launched in 2018, this startup has developed a cash flow management service — “simple and convenient for modern businesses, with accessible functionality and a user-friendly interface.” The solution “synchronizes with user accounts via API, allowing business owners …
Ukrainian startup Finmap nabs $1.2 million to help SMBs manage their cashflow Read More
Fintech Farm, a UK-based fintech startup launched last year by Ukrainians Dmytro Dubilet, Alexander Vytiaz and Nick Bezkrovnyy, has raised $7.4 million to launch neobanks in eight countries during the next two years. As reported by AIN.UA, Fintech Farm’s neobanks aim to attract large customer audiences with user-friendly mobile apps and accessible credit products. In Azerbaijan, where it launched in November 2021 …
Ukrainian entrepreneurs prepare to launch neobanks in 8 countries Read More
Earlier this month Ukrainian startup Global Ledger announced a “strategic M&A partnership” with Swiss fintech Promethiem AG. Founded in 2018 by Alex Fisun, Andrey Lazorenko and German Stogniiev, Global Legder is a blockchain forensic startup that allows banks, fintech companies and crypto startups to follow obligatory AML/CTF compliance rules for crypto assets. It “disrupts money laundering and cybercrime,” allowing banks …
Update Oct. 5, 2021: President Volodymyr Zelensky vetoed the bill and sent it back to parliament for changes. A draft law legalizing and regulating cryptocurrency and other virtual assets like tokens in Ukraine has passed the parliament in the second reading on Sept. 8. A total of 276 Ukrainian lawmakers voted for the bill. Cryptocurrencies have been …
Ukrainian Parliament passes law to legalize cryptocurrency Read More
Earlier this week Chainalyis published the key findings of their 2021 Geography of Cryptocurrency report. According to this research, Eastern Europe is severely affected by illicit cryptocurrency-related activity. In relative terms, the region is second after Africa in terms of exposure — but its overall crypto economy is much larger than that of Africa. Ukraine accounted for “most of …
Report: Ukraine and Eastern Europe plagued by crypto scams Read More
Kazakhstan’s largest financial technology firm Kaspi.kz has signed a purchase agreement with Ukraine-based online payment service Portmone, according to financial statements Kaspi.kz published on July 26. If Ukraine’s Antimonopoly Committee and the National Bank approve the acquisition, Kaspi Pay, a subsidiary of Kaspi.kz, will buy 100% of shares of Portmone Group. Kaspi.kz expects to finalize the deal in …
Kazakh fintech giant to acquire Ukraine’s online payment service Portmone Read More
As a country where cryptocurrencies have enjoyed a growing popularity, Ukraine now also has a strategy to develop its virtual asset market within the next three years. The plan has been presented by officials from the Ministry of Digital Transformation, other government institutions and representatives of the private sector, Forklog reported. The roadmap envisages various regulatory, …
Ukraine unveils roadmap to integrate cryptocurrencies by 2024 Read More
It appears that one of the largest “crypto mining farms” that Ukraine’s Security Service claims to have ever exposed wasn’t mining cryptocurrency at all. On July 8, the Security Service (SBU) seized over 5,000 Sony PlayStation consoles and graphics cards in a warehouse adjacent to the facilities of Vinnytsiaoblenergo, an energy distributor in Vinnytsia, a city of almost 400,000 people …
