The National Bank of Ukraine has imposed additional restrictions on cross-border transactions of citizens, which, among other things, affects cryptocurrency transactions.

According to the order of the NBU, individuals are temporarily prohibited from making semi-cash transactions from hryvnia bank accounts. Cross-border P2P transfers in national currency are limited to UAH 100,000 per month.

The use of its own foreign currency for cash-like transactions and international P2P transfers has a total limit of 100,000 UAH equivalent per month.

Cash-like transactions include the purchase of cryptocurrencies, replenishment of brokerage or forex accounts, replenishment of electronic wallets, purchase of gift certificates, transfers in favor of bookies, payment of traveler’s checks and other transactions.

Thus, the regulator aims to prevent capital outflow from the country under martial law.

The imposed restrictions do not apply to the use of payment cards to pay for goods and services abroad and in Ukraine.

As a reminder, PrivatBank has temporarily banned its customers from transferring hryvnia to cryptocurrency exchanges since March 16. Binance representatives confirmed in a comment to ForkLog that users are “experiencing problems with these transactions.” However, the restriction did not affect the market of Ukrainian trading platforms.