Ukraine’s Crypto Market Faces Major Setback, Says KUNA Founder
- National Bank of Ukraine (NBU) bans crypto transactions in hryvnia, stifling market growth.
- Economic recovery essential for crypto sector revival, notes KUNA founder Mikhail Chobanyan.
- KUNA halts local operations; founder skeptical about crypto sector’s future due to high taxes and other risks.
- Chobanyan discusses regulatory trends in the EU and US, including MiCA and the digital euro.
Chobanyan revealed he rejected four purchase offers for KUNA due to potential reputational risks, considering selling to a Ukrainian bank as a last resort.
The Ukrainian crypto market’s future hinges on economic revival and favorable regulatory changes, with significant implications for investors and businesses alike.
