{"id":3454,"date":"2017-09-26T00:04:08","date_gmt":"2017-09-26T00:04:08","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=3454"},"modified":"2017-09-26T00:04:08","modified_gmt":"2017-09-26T00:04:08","slug":"ukraine-central-bank-not-recognize-bitcoin-currency","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/ukraine-central-bank-not-recognize-bitcoin-currency\/","title":{"rendered":"Ukraine Central Bank Does not Recognize Bitcoin as a Currency"},"content":{"rendered":"

Bitcoin is not recognized as a cash or as a medium of trade in Ukraine, an official of the country’s central bank has stated.<\/p>\n

“We can say that this is definitely not a currency, because there is no central issuer. And we cannot recognize this as a means of payment,” said\u00a0Oleg Churiy, deputy head of the National Bank of Ukraine, as per a\u00a0report<\/a>\u00a0on Friday by the Ukrainian website Financial Club, as translated by Google.<\/p>\n

Reverberating late remarks<\/a>\u00a0 by senior financial services executives in the U.S., the Ukrainian central banker depicted bitcoin as an unsafe investment for consumers. In any case, he minimized any fundamental worries about bitcoin and its brethren.<\/p>\n

“World regulators are not concerned with any threat of cryptocurrency because of their small volume,”\u00a0Churiy said at the Ukranian Financial Forum. “They are concerned only with the fact that people can lose money [by investing in them]. And fraud that can be [committed] with them.”<\/p>\n

The Ukrainian central bank has been\u00a0cautioning\u00a0about the risks and dangers of bitcoin for quite a long while, and a month ago it demonstrated it might soon regulate<\/a>\u00a0the use of cryptocurrencies.<\/p>\n

However at the same time, Ukraine\u2019s government has as of late been\u00a0testing the distributed-ledger technology that bitcoin inspired, in a novel use case:\u00a0auctioning seized assets.<\/p>\n

Bitcoin has even figured in Ukrainian politics lately, with\u00a0separatists\u00a0and other political nonconformists utilizing the permissionless, borderless framework to raise and exchange funds.<\/p>\n

\u2013 For more Cryptocurrency market related Updates and News Follow us on our\u00a0Facebook<\/a>\u00a0and\u00a0Twitter<\/a>\u00a0pages.<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is not recognized as a cash or as a medium of trade in Ukraine, an official of the country’s central bank has stated<\/p>\n","protected":false},"author":8,"featured_media":3455,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,22],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/3454"}],"collection":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=3454"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/3454\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/3455"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=3454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=3454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=3454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}