Ukraine’s Central Bank Issues Bitcoin Warning

The National Bank of Ukraine (NBU), the country’s central bank, has issued a Bitcoin warning to regional banks and other financial institutions, the second after an year’s gap.

The latest warning comes in the wake of Bitcoin’s growing popularity within the national borders. According to a Ukrainian daily, a recently held Bitcoin conference in capital Kiev has sparked a series of conferences and meetings among the regional banking institutions, a factor that could lead to an organic Bitcoin adoption rate in the country.

But despite growing interests, Bitcoin is still a risky and speculative asset that might hurt individuals financially, in one way or another. NSU’s warning, therefore, appears more to be a reminder for banks and people to stay away from this new technology, until further notice.

Natalia Lapko, the Director of NBU’s payment systems department, had earlier presented a balanced opinion on Bitcoin, saying that she believes in its potential, but also supports the need of regulation for such disruptive technologies.

In this regard, the NBU had admitted to have been studying Bitcoin, saying it will follow a global opinion when it comes to regulating the digital currency.

“Users choose payment methods which the find convenient,” Lapko had said during the Bitcoin Conference

Read more ... source: NewsBTC USA