The federal government of Ukraine has lately approached the native cryptocurrency trade with a brand new request to supply sure monetary info. 

The Nationwide Financial institution of Ukraine (NBU) had demanded 4 native crypto companies — Kuna, CoinPay, GEO Pay and Qmall — to supply monetary statements for the primary two quarters of 2023. The NBU has demanded the crypto companies to supply the financials inside seven days.

Kuna change founder and CEO Michael Chobanyan shared the information concerning the newest NBU’s request on July 3, citing a doc distributed by the Ukrainian Telegram information channel “Politics of the nation.”

The Nationwide Financial institution of Ukraine’s doc that was despatched to native crypto exchanges. Supply: Telegram

In keeping with the doc, the NBU additionally demanded the crypto companies to supply information on working volumes in addition to details about reception and switch of funds. The NBU additionally requested the Ukrainian crypto companies to difficulty statements for all accounts from the start of 2023.

Kuna CEO Chobanyan subsequently confirmed the information on his personal Telegram channel, hinting that the explanations for the newest motion from the NBU are unclear.

“There isn’t any such info in Ukraine and has by no means been,” Chobanyan argued, including that searches taught him that again in 2015, earlier than the launch of Kuna. He went on to say that that the course of the “so referred to as” authorities is obvious, including:

“Over the previous two weeks, the primary wave of searches in exchanges came about in Kiev and throughout Ukraine, which had been triggered by the actions of the NBU, Ministry of Inner Affairs, and the Safety Service of Ukraine. […] There will probably be extra searches and exchanges.”

Chobanyan advised Cointelegraph that Kuna change left its business-to-customer market in Ukraine in March 2023 as a consequence of “predatory actions” by the NBU.

“They’re very constant in killing the potential of my nation in crypto and Web3 house,” Chobanyan mentioned, noting that Kuna’s change volumes have shrunk 90% over the previous few months. Beforehand, Kuna misplaced about 60% of its volumes when it needed to depart the Russian market after Feb. 24, 2022, the CEO advised Cointelegraph.

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Regardless of Ukrainian authorities allegedly getting extra hostile to the crypto trade, Chobanyan nonetheless sees some advantages within the latest motion from the federal government.

“Now we give attention to Europe and particularly the b2b market,” he mentioned, including that Kuna lately launched the crypto buying service KunaPay. “I have no idea whether or not it is associated to the concern that we are going to launch this service in Ukraine or not,” Chobanyan mentioned.

“I’m grateful to the NBU for exciting me being a profitable European firm fairly than a distinct segment Ukrainian participant,” he added.

The NBU accepted Cointelegraph’s request for remark however didn’t instantly reply to it. This text will probably be up to date pending new info.

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