Ukraine temporarily suspended the use of its own currency, hryvna, and carried out legally prescribed deposits and withdrawals in the password exchange in accordance with the savings card. While this move immediately seriously affects the way investors transfer assets to and from exchanges, Binance reminds you of how well P2P services can be used to invest in encrypted currency.

Password exchanges such as Binance and Kua were officially declared unchanged for investors after Ukraine's central bank suspended trading. Michael Chobanian, founder of the local password exchange Khouna, terminated the accreditation service. However, he pointed out that he would express this nuance of sustainable development at a later time.

Joe Benien further points out that that kind of tight regulation determines how the BTC ecosystem has no impact, adding:

About Grivnaka and typing / exporting to the exchange. That's right, it doesn't work. People are looking for a solution to this situation and face the threat of blocking the entire Ukrainian encryption / card UAH sales market.

With regulators suspending the use of hryvner on password exchanges, Binance acknowledges this. However, Binance has an alternative solution:

"Let's suggest applying P2P services so that you can continue to apply Binance comfortably."

Password exchanges use this opportunity to inform customers that P2P service users can directly exchange passwords and currencies with other users without the need for intermediaries like financial institutions.

Taking into account that since the gradual situation in Russia and Ukraine, Ukraine has won more than $70 million in password donations, Ukraine's anti-password view is surprising.

"if we apply the traditional financial system, it will take several months […] You can guarantee the consumption of critical items within all deadlines through encryption. Incredibly, about 60% of service providers can accept encryption. I didn't expect that, "Ukrainian data Minister Alex Bornyakov said on February 24.