Buy bitcoins online in Ukraine Seller Payment method Show more… Sell bitcoins online in Ukraine Buyer Payment method Show more… Buy and Sell Bitcoins in these popular cities in Ukraine City Trading AmountThe government of Ukraine has nationalized the country’s largest bank, Privatbank, a bitcoin-friendly bank, to prevent a meltdown caused by alleged insider lending, according to Deutsch Welle.Privatbank has allowed merchants to receive bitcoin payment before converting it into cash.Ukraine’s government reported that it now fully owns PrivatBank and guarantees uninterrupted functioning of the bank and the safety of client funds.The bank controls a third of the country’s deposits and has branches in Baltic nations.The bank loaned money to outsiders that may never be repaid.Its bonds have dropped by nearly 50% since the reports about the outside loans surfaced in November.Igor Kolomoyskiy, the former owner, was one of Ukrainian President Petro Poroshenko’s early anti-corruption targets.

Sergiy Fursa, an economist at Dragon Capital, said 80% to 90% of the bank’s loans went to institutions that Kolomoyskiy controls, which Fursa characterized as insider lending – the funds were withdrawn by its owners from the bank.The current management of PrivatBank will be replaced, according to the Kyiv Post.Oleksandr Shlapak, former finance minister, will be the new president, replacing Oleksandr Dubilet.bitcoin wallet not receiving coinsA team of Deposit Guarantee Fund and NBU officials traveled to PrivatBank’s headquarters in Dnipro on Dec.ethereal blade tiny18 to assume control.litecoin optionsThe bank’s owners offered to sell the bank to the state themselves, National Bank of Ukraine (NBU) Governor Valeriya Gontareva claimed at a Dec.bitcoin founder dies

Oleksandr Savchenko, who oversees Kyiv’s International Institute of Business, said the nation’s banking system will not survive should PrivatBank close, according to the Kyiv Post.Other banks would not have their loans returned, bankruptcies would commence, and panic would ensue, Savchenko said.PrivatBank blamed its nationalization on media attacks by Kolomoyskiy’s political opponents.bitcoins kaufen chartThe bank’s IT director said on his personal Facebook page that the decision to voluntarily allow the government to take ownership of the bank occurred when the bank recognized the media attacks, which the bank could survive, could endanger its clients.bitcoin caiOleg Gorokhovskiy, the bank’s deputy CEO, said the safety of Ukrainians’ money was the most important thing.ethereum chart live

He said the bank will continue to function as it did previously.Kolomoyskiy did not comment.Also read: Ukraine’s largest bank helps integrate bitcoin as a payment The bank allowed customers of online retailers to pay in bitcoin while merchants received payment in Hryvnias (Ukraine’s national currency) or Euros.Buyers could choose bitcoin as the payment method when arriving at the checkout page.ethereum software walletThe bitcoin purchase could be initiated by scanning a QR code.bitcoin mining card comparisonPrivatBank based the exchange rate in Hryvnias or Euros – depending on the specified currency – before converting the cryptocurrency to fiat money.A nationwide network of more than 4,900 payment terminals in the Ukraine now allows customers to easily buy bitcoin for cash.The network, which is operated by the country's National Credit Bank, allows customers to buy vouchers for bitcoin from a new company called BTCU.

After depositing cash in a terminal, purchasers receive a voucher containing an activation code either on a printed receipt or via an SMS message to their phones.They can then go to BTCU's website to enter the activation code and claim their bitcoin.The machines, known as BNK-24 terminals, also allow users to pay utility bills and purchase mobile phone credit, among other functions.BTCU launched the service this month, according to a co-founder of the company who wanted to be known only as Stanislav.He said: "Our aim is to give Ukrainian people the possibility to join the bitcoin ecosystem."The National Credit Bank executive in charge of its payment terminal business, Evgeniy Dumchev, confirmed that the machines now allow users to buy bitcoin.According to BTCU's Stanislav, there is pent-up demand in Ukraine for a cheaper, more convenient payment system to settle overseas e-commerce transactions."Young Ukrainians are used to buying goods from [online] shops abroad, for example, in China.

If someone needs to pay $100 for a buggy for his child, he needs to pay about $40 for SWIFT payments and spend half the day at the bank.We've opened a window to the world to help people survive," he said.Stanislav would not give details on BTCU's transaction data from from the BNK-24 terminals.He did confirm, though, that BTCU's rates – which are about 3.5% – are at a slight premium to those asked by Bitstamp.He said that a popular reddit post that described using a terminal to buy bitcoin, and claiming that there was a markup of 10-15%, for the service, was inaccurate.The Ukrainian government issued legal guidance for bitcoin businesses in February, stating that firms have to register with the government in order to operate.Nevertheless, companies in the bitcoin space say the guidelines are not definitive, and continue to operate with a degree of vagueness.The National Credit Bank's Dumchev, for example, said: "The process is quite grey according to Ukrainian legislation."