Ukraine’s Central Bank Bans Crypto Purchases in Local Currency

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I believe this policy will have the inadvertent effect of increasing the average Ukranian’s desire to receive funds in Bitcoin vs. their country’s own currency. By making it more difficult to obtain BTC, the Central Bank may temporarily slow down BTC adoption & the rate of inflation for their own currency, but ultimately, this policy will result in a higher number of smaller BTC purchases (as higher value purchases will be broken down into smaller ones to adhere to this policy), which will likely raise BTC’s value more than a smaller number of larger purchases would have.


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