Tagged: ukraine

Eastern Europe Ranked Third Globally for Overall Exposure to Illicit Activity Involving Cryptocurrencies: Report

Eastern Europe has one of the largest cryptocurrency economies in the world. A recent report reveals that it’s the third-ranked global region for “overall exposure to illicit activity.” Eastern Europe is the only world region with a total transaction volume of $400 million+ for which… Read More

European P2P Lender Mintos Recovers Funds from Ukraine based Lending Firm E-Cash

In April 2021, lending firm E-Cash had reportedly informed European P2P lender Mintos of its intentions to begin closing down its business operations. Due to E-Cash having missed “regular settlement payments” to investors for 7 days and a wind-down process that ‘hadn’t yet been evaluated,”… Read More

European Fintech Paysera Added by National Bank of Ukraine to Nation’s Register of Payment Systems

The National Bank of Ukraine has reportedly added Fintech firm Paysera to the nation’s Register of Payment Systems. After carrying out the necessary technical preparations, Paysera will be providing quicker transfers to and from Ukraine to private clients. Transactions will be supported in hryvnias, Euros,… Read More

European P2P Lending Platform Mintos Releases Updated Risk Scores

European peer-to-peer lending platform Mintos has released its latest Risk Score updates. As noted by the Mintos team, this most recent update is based on key developments and data analyzed during Q1 2021. Mintos writes in a blog post that if you are new to… Read More

European Marketplace Lender Mintos Reports E-Cash Loans Suspended from Primary and Secondary Markets

Peer-to-peer lending marketplace Mintos revealed, earlier this week, that the lending firm E-Cash has informed them of its intentions to “wind down” the business. The Mintos team noted that E-Cash is currently in the process of “working out the details” of how it plans to… Read More

Russia and Ukraine have “Disproportionately High” Cryptocurrency Usage with Many Locals Shifting Financial Activity to Digital Assets: Report

Eastern Europe has the fourth-largest cryptocurrency market in terms of total transaction volume, according to Chainalysis’ research. Ukraine and Russia, which are also part of the Eastern European region, have been ranked quite high on Chainalysis’ Global Crypto Adoption Index. It takes into consideration a… Read More

CBDCs: Ukraine’s Reserve Bank Official Claims Central Bank Digital Currencies Need Private Sector to be Successful

Ukraine’s reserve bank claims that central bank digital currencies (CBDCs) may work well when the private sector is involved. The country’s central banking institution had launched a pilot program back in 2018 that had focused on developing a digital version of Ukraine’s national currency (the… Read More

Cyberpolice of Ukraine Investigates Three Defendants in Alleged $42 Million Crypto Laundering

The Cyberpolice of Ukraine reports that it has exposed a criminal group that laundered approximately $42 million in cryptocurrency. Last week, the law enforcement agency posted that three individuals have been accused of the crime and now face up to 8 years in jail. According… Read More

UK-based Fintech Elpaso Launches Services for Ukrainian Companies

Electronic Payment Solutions Ltd. (ELPASO) was founded in 2017 by a group of IT geeks, corporate bankers and entrepreneurs is a digital platform for those “who wish to go international in their daily needs like international cross-border payments and currency exchange”, according to its website…. Read More

Ukraine’s Government Approves Final Draft of New Anti-Money Laundering Laws that Apply to Virtual Assets

Ukraine’s government has reportedly approved the nation’s final draft of a new money laundering law that applies to virtual assets (or cryptocurrencies) and virtual asset service providers (VASPs), according to the Financial Action Task Force (FATF) guidelines. The Rada, the country’s legislative body, released a… Read More

Report: Three Global Crypto Exchanges Vying to Enter Ukraine, Claim 25-30% of All Crypto Traders Reside in Former Soviet Block Countries

Three of the biggest cryptocurrency exchanges in the world are seeking licenses and banking partners to set up in the Ukraine, Andriy Kolodiuk, Chair of the supervisory board of the Ukrainian Venture Capital and Private Equity Association (UVCA), told the Kyiv Post this week. He… Read More

Ukraine’s New Government Planning Legal Framework for Crypto

Alexander Bornyakov, a soon-to-be deputy in the Ukraine’s Digital Transformation Ministry, says the Ukraine’s Deputy Prime Minister for Digital Transformation, Mikhail Fedorov, plans to cooperate with the country’s Finance Ministry to develop a legal framework for cryptocurrency in coming months. Cryptocurrencies circulate now in Ukraine under grey… Read More

Authorities Find Stealth Cryptomining Set Up in Ukraine Nuclear Power Plant

The Security Service of Ukraine has found unauthorized cryptomining set ups in facilities South Ukrainian Nuclear Power Plant facilities Internet UA reports. One system was found in “Office 104” and another in dormitory facilities housing members of the Ukrainian National Guard, who are tasked with protecting… Read More

Ukraine Cyberpolice Accuse Man of “CryptoJacking” a Million People

Cyberpolice in Ukraine say they have arrested a 32-year-old Bukovina resident accused of using “cryptojacking” software against a million individuals without their consent. Police allege the man deployed the software surreptitiously to the computers of individuals visiting websites run by the man. The sites reportedly… Read More

Due to Lack of Liquidity, Crypto Exchange Liqui Shuts Down

While there seems to be a newly minted crypto exchange or marketplace minted every week, today we learn about on that is shutting down. In a “Dear Users” post, Liqui announced that its “Crypto Exchange journey” had come to an end. Due to insufficient liquidity… Read More

London Fintech Opal Transfer Announces New Money Transfer Service Between Ukraine & Poland

Earlier this week, London-based fintech Opal Transfer announced it is launching a new money transfer service between Ukraine and Poland. Incorporated in 2003, Opal Transfer specializes in foreign exchange money transfers to and from Eastern Europe, Latvia, Lithuania, Estonia, Poland, Bulgaria, Slovakia and Czech Republic. The… Read More

Report: CEO of Top Crypto Exchange Exmo is Kidnapped in Ukraine, Site Hit with DDoS Attack [u]

Exmo, a top cryptocurrency exchange, has had its CEO Pavel Lerner kidnapped, according to a report in the BBC. The article states that Lerner was leaving his office in Kiev, Ukraine on December 26th when he was “dragged into a black Mercedes-Benz by men wearing balaclavas.”… Read More

ICO: Partnership Between Neuromation & Hacken Seeks to Stomp Out Blockchain Cybercrime

It is a truism that nothing is 100% safe from being hacked. While Blockchain, or Distributed Ledger Technology, widely claims to be hack proof, there are always ways to break into transactional processes.  One example is there CoinDash saw its Initial Coin Offering was hacked… Read More

Propy Reaps $15M in PRO Token Sale, Partners with Leju Holdings & Ukrainian Government

Propy, the global property store and decentralized title registry, has raised $15 million from 6,597 participants in its PRO token sale to put the international real estate market on the blockchain. Prior to the start of the public sale, Propy and CEO Natalia Karayaneva secured $2 million in… Read More

WorldRemit Announces Partnership With CONTACT to Launch Instant Money Transfers in Ukraine, Armenia, Belarus, & Kazakhstan

Digital money transfer service WorldRemit announced on Tuesday it teamed up with payment system CONTACT to launch instant money transfers in Ukraine, Armenia, Belarus, and Kazakhstan. According to WorldRemit, customers from more than 50 countries can use its app or website to send instant, secure money transfers to… Read More

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