Bitcoin is money. Government money is scam, money surrogacy. I live in Ukraine. Almost a year ago, I bought a photo taken in Johannesburg, South Africa. Photo price is $ 2.50 with a commission of 0.5 cents. With a banking system, such a transaction cannot be made.
Run on Banks in Ukraine. Whats the Bitcoin Situation There?
Banks across Ukraine are setting limits on cash withdrawal at ATMs, claiming that it’s a temporary security measure needed to withstand a wave of cyber crime. But given that the hryvnia, the Ukrainian currency, has already hit its all-time lows and may free-fall further, ATM limits might be an attempt to slow depreciation.
Ukraine is weighing measures to stem cash withdrawals after as much as 7 percent of deposits were takenfrom banks during last week’s bloody uprising, underscoring the need for action to fend off a default.
source Video of the lineups at banks here Thoughts? Ukraine is a country with a population of 44,573,205. Cyprus was a big event and they only have 1 million people. How hard is it to get Bitcoins in Ukraine could this be something big?
US OFAC issues advisory: ransom payments for ransomware may involve felony charges and personal civil liability for staff.
Under the authority of the International Emergency Economic Powers Act (IEEPA) or the Trading with the Enemy Act (TWEA),9 U.S. persons are generally prohibited from engaging in transactions, directly or indirectly, with individuals or entities (“persons”) on OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List), other blocked persons, and those covered by comprehensive country or region embargoes (e.g., Cuba, the Crimea region of Ukraine, Iran, North Korea, and Syria). Additionally, any transaction that causes a violation under IEEPA, including transactions by a non-U.S. person which causes a U.S. person to violate any IEEPA-based sanctions, is also prohibited. U.S. persons, wherever located, are also generally prohibited from facilitating actions of non-U.S. persons, which could not be directly performed by U.S. persons due to U.S. sanctions regulations. OFAC may impose civil penalties for sanctions violations based on strict liability, meaning that a person subject to U.S. jurisdiction may be held civilly liable even if it did not know or have reason to know it was engaging in a transaction with a person that is prohibited under sanctions laws and regulations administered by OFAC.
Sauce Here: https://home.treasury.gov/system/files/126/ofac_ransomware_advisory_10012020_1.pdf OFAC Sanctions list here: https://sanctionssearch.ofac.treas.gov/ Analysis: Both TWEA and IEEPA carries Criminal and Civil penalties, so under these acts they can fine the company, fine staff directly, or press criminal charges. We know the US Government as part of both the 5 eyes agreements and domestic bank monitoring programs under FACTA monitors all international wire transfers. Bitcoin and other cryptocurrencies generally leave a paper trail that can be traced back to who purchased the currency. What I expect to start happening here is most CFO's are going to write off the cost of the ransom as a tax deduction which tips off the IRS that a ransom of some kind was paid. I expect the next step is the IRS is going to start asking for additional proof of payment and additional information about the cases. That puts CFO's in a bind, because I expect both the IRS, and federal courts, won't let it fly that you didn't know who you were paying money to under the TWEA. They'll sit on the data, and when eventually an APT Group gets compromised, they'll trace the payments back via said tax records. At that point, if your org paid under this, that data gets used to open up a search warrant and then they rip you a new one especially if the payment was substantial. The bigger issue here is it opens up tremendous liability for security services firms and insurers who pay ransoms on behalf of clients or advise clients to pay ransoms. Now is a good time to review your backup strategy and ensure you have tested backups that are isolated from your infrastructure. For those of you with your hands tied behind your back, now is a good time to gently remind your management staff, and especially the CFO if you have their ear, that they cannot rely on the renound cryptographic competence of our eastern european bretheren, and that their worst-case risk is a determined remote attacker and adversary of the US infecting your network, destroying the data while making it look like a ransomware attack, selling you worthless encryption keys to fund their operation before flaunting the fact they took you for a fool with a press release taking credit for the attack to tip off state government you paid them in order to further disrupt the company operations via putting your talented technical staff or c-suite staff in handcuffs and injuring your PR. To those of you in the business who are afraid of being scapegoated or in a tenuous situation, getchu some evidence tape and some tags, some vanilla envelopes and a glue stick. Print 2 copies, put one copy in a folder, seal it with evidence tape and a tag, then use your handy glue stick to adhere the other vanilla folder to its back and put the 2nd copy in so you can review the paperwork without breaking the evidence seal and shove that sucker in a fire proof safe or safety deposit box. Also, Mailstore home is free. TL;DR: If your company is attacked by ransomware, tell the management only facts of the occurance you know, what you can and cannot do for them, and don't advise them of anything upto and including getting a security services firm involved. I wouldn't even tell them paying the ransom might work. If you're going to have a verbal conversation, make it a one-on-one. Happy Saturday all!
For the people of the Ukraine, time is running out. Their banking system is collapsing. Their currency is crashing. People need food, medical aid and supplies. They may be under foreign invasion! The people of the Ukraine need us. They have been cut off from the world. Only Bitcoin can reach them.
Ukraine Central Bank Bans Bitcoin "To Protect Citizens" From Financing Terrorism
The Hryvnia has collapsed to new record lows near 15/USD this morning. The Central Bank and bankers "agreed to keep UAH at 15-16/USD" but are "not planning on new FX market restrictions." However, there is one terrifying 'currency' that needs to be curtailed... Bitcoin. As The National Bank of Ukraine explains, "In order to protect consumers' rights," the virtual currency Bitcoin cannot be used in Ukraine as a means of payment. With the UAH hitting new record lows... The Ukraine Central Bank has decided the ban Bitcoin... As Project UKRInform reports, The virtual currency Bitcoin can not be used in Ukraine as a means of payment. Reported official representative of the National Bank of Ukraine (NBU) on Facebook. According to the regulator which has to ensure real value, virtual currencies are "money substitutes." Also, the National Bank of Ukraine stressed that the international spread payments using Bitcoin has made ??this category of services attractive to illegal activities, including money laundering of crime or financing terrorism. "In order to protect consumers' rights and security of the money transfer National Bank recommends that you use the services of only those payment systems, settlement systems, which are included in the register of payment systems, settlement systems, participants in these systems and service providers payment infrastructure" - the representatives of the regulator. Because there's nothing worse than your citizens having free reign to transfer the collapsing value of their Hyrvnia into a non-Hyrvnia alternative... especially when The IMF has leant you money. http://www.zerohedge.com/news/2014-11-10/ukraine-central-bank-bans-bitcoin-protect-citizens-financing-terrorism When a country enacts currency controls in my opinion that is as good as stealing from it's people as it's stopping them from putting their money in a more valuable store of wealth How do Ukrainians feel about this, In my opinion bitcoin is a great thing they could be using to easily raise money to aid their struggling volunteer battalions.
BTC Reaches Another All Time High - OneCoin Promoters Fined €2.6 Million - Twitter CEO Jack Dorsey Claims That Bitcoin And Blockchain Technology Are The ‘Next Big Unlock’ - National Bank of Ukraine Considers Regulating Digital Currencies
The National Bank of Ukraine is expanding the team working to move the country’s national currency, the hyrvnia, to a blockchain. Revealed in an email to CoinDesk, the number of people added and ... Die größte Bank der Ukraine, die PrivatBank, ermöglicht dem Einzelhandel ab sofort auch Bitcoin Zahlungen zu akzeptieren. Einem Bericht des Magazins PSM7 zufolge werden die Zahlungen direkt in eine Fiat Währung umgetauscht und dem Konto des Empfängers gutgeschrieben.. et die PrivatBank seinen Kunden ab sofort eine ideale Basis für den Empfang von Bitcoin-Überweisungen. BTC/EUR: Aktueller Bitcoin - Euro Kurs heute mit Chart, historischen Kursen und Nachrichten. Wechselkurs BTC in EUR. The Ukrainian central bank has been cautioning about the risks and dangers of bitcoin for quite a long while, and a month ago it demonstrated it might soon regulate the use of cryptocurrencies.. However at the same time, Ukraine’s government has as of late been testing the distributed-ledger technology that bitcoin inspired, in a novel use case: auctioning seized assets. Bitcoin ATMs in Ukraine Total number of Bitcoin ATMs / Tellers in Ukraine: 23. Coins: Bitcoin (BTC) Lightning BTC (LBTC) Bitcoin Cash (BCH) Ether (ETH) Dash (DASH) Litecoin (LTC) Zcash (ZEC) Monero (XMR) Dogecoin (DOGE) Tether (USDT) Ripple (XRP) Operations: Buy Sell. Location type: ATM Teller Other "Other" services are visible with larger zoom. Zoom in. List of major cities in Ukraine with ...
Bitcoin and cryptocurrency news - great adoption use case in Ukraine, Kanye mentions Bitcoin, Huobi makes big investments, old men say Bitcoin is bad, Zencash, Deep Brain Chain, and much more. For business correspondence - [email protected] When foreigners figured out that interest rate in Ukrainian banks is around 8% for USD and 23% for UAH, they got shocked! Hehe, so let's talk ... Ukrainian police detained a man who threatened to blow up an explosive at a bank in the nation’s capital of Kyiv, Monday, August 3. The man, Sukhrob Karimov, is a 32-year-old citizen of ... Ich habe nun damit angefangen, mich mit Bitcoin auseinander zu setzen und möchte meine Erfahrungen mit Dir teilen! Im heutigen Video sprechen wir über die vermutlich einzige Bitcoin Preis ... Bitcoin.com is your premier source for everything Bitcoin related. We help you buy, use, and store your Bitcoin securely. You can read the latest news. We also provide helpful tools and real-time ...