Ukraine's National Bank Issues Bitcoin Warning

[OmegaStarScream]

Ukraine's National Bank has warned against the associated risks that come with digital currencies such as bitcoin.

A statement from the bank dated 1st October, first reported by Ukrainian news site Finance.ua, said it should not be held liable for any losses incurred by consumers using digital currencies to settle transactions.

Instead, it urged banks, consumers and payment organisations to use approved payment systems that guarantee consumer protection (of course  )

Full article : http://www.coindesk.com/ukraines-national-bank-issues-bitcoin-warning/

[LiteCoinGuy]

How Ukraine's Central Bank Wrecked the Country's Nascent Economic Recovery in 2011

http://www.huffingtonpost.com/andrei-kirilenko/how-ukraines-central-bank_b_7991096.html

 

[Mickeyb]

Now where did this come from? Last news we have heard about Ukraine was that they are most liberal country at the moment in their regard towards Bitcoin. Some people even implied that Bitcoin could be recognized by the government in Ukraine.

Now the statement as statement is not much different than all of the statements issued by governments worldwide. Just a general bull crap about dangers of Bitcoin and customer protection that it doesn't have.

[thejaytiesto]

I think that by this point most people that get on Bitcoin already understands all the risks. If you know what Bitcoin is im sure you've seen a million times already people telling you how it's high volatile and how it's "half illegal" so to speak. Stuff like this doesn't change much. Whoever wants to get in will get in anyway.

[jacktheking]

Bitcoin may sound/look scary at first because people thought there could be "losses of money" but that is not true. You just need to be spend a day learning Bitcoin and you will know how it works. Do transaction only with people whom you can trust and ... prefect.

[OROBTC]

...

Losing BTC while learning it is just part of the process, IMO.  I lost some to a scam (partly my fault for being unwary) and a bit more to carelessness. 

Except at the very beginning, I had to learn everything about Bitcoin on my own.  I have NO friends nor family who "do" BTC.  When you learn on your own, more mistakes are likely.

It pays to be very careful with your transactions: "do them slowly".

[Slark]

It is funny how they are so eager to protect people from bitcoin and they are not trying to prevent us from volatility of  their own issued FIAT money.
Ukraine is not the most stable economically region in the world, I would rather buy tons of bitcoin that invest in Ukrainian hryvnia.

[Blawpaw]

The same old bullshit talk.
It is not the first government to issue a warning about digital currencies nor will it be the last.

[ajareselde]

Well it's not a surprise that they will try to get people to avoid dealing with bitcoins, it's bad for their business. And btw, since when do banks "care"
about the people ?! They don't, all they care about is their profits, and bitcoin is slowly taking them from them.

[Melds]

Ukraine's National Bank has warned against the associated risks that come with digital currencies such as bitcoin.

A statement from the bank dated 1st October, first reported by Ukrainian news site Finance.ua, said it should not be held liable for any losses incurred by consumers using digital currencies to settle transactions.

Instead, it urged banks, consumers and payment organisations to use approved payment systems that guarantee consumer protection (of course  )

Full article : http://www.coindesk.com/ukraines-national-bank-issues-bitcoin-warning/

I suppose its a good thing they warn users of the risks, then atleast they aren't held responsible.

[Vika NSFW]

Last news we have heard about Ukraine was that they are most liberal country at the moment in their regard towards Bitcoin.

Actually Government of Ukraine is ZOG.
ZOG is in good relation only to USD.

[RKing]

If bitcoin is banned in Ukraine, people there will suffer. They will suffer from the high inflation cause by unlimited supply of local currency.

[Betwrong]

If bitcoin is banned in Ukraine, people there will suffer.

No one is going to ban BTC in Ukraine, at least yet.

Alexander Shelkovnikov, a founding member of Ukraine's Bitcoin Foundation, told CoinDesk that the central bank's recent recommendation was a more considered view than what it offered last year.

He said:

"We see this statement as a step which justifies our existing collaboration with the Ukraine Central Bank in working out a considered regulatory position related to crypto currencies and market participants. Central Bank has not officially released any regulation towards cryptocurrencies to date and has only been recommending to treat these with care and consider all the associated risks."

[Q7]

I don't think bitcoin name should be targeted here. Seems like we are getting victimized and wrongly implicated. Thus it is creating all that negative impression. It should by right more accurately refer to any form of services that promise high returns for investing in bitcoin. And talk about it doesn't that apply the same towards fiat as well...

[Pursuer]

If bitcoin is banned in Ukraine, people there will suffer.

I don't think it has anything to do with banning bitcoin. nobody is doing it despite the fact that bitcoin is the opposite of banks and banking system.
it look like a necessary warning to their people who might not know about bitcoin and the risks involved. I say it is a good thing they did to inform their people.

[RKing]

If bitcoin is banned in Ukraine, people there will suffer.

I don't think it has anything to do with banning bitcoin. nobody is doing it despite the fact that bitcoin is the opposite of banks and banking system.
it look like a necessary warning to their people who might not know about bitcoin and the risks involved. I say it is a good thing they did to inform their people.

Warning people against fraud is good. There are too many scam coins around us. Bitcoin is not a scam. It is a real currency. Better than fiat.

[BlackPanda]

I think it has become common in some countries. Bitcoin honest in my country is not recommended. up until the government makes a law.

[Hellacopter]

Ukraine's National Bank has warned against the associated risks that come with digital currencies such as bitcoin.

A statement from the bank dated 1st October, first reported by Ukrainian news site Finance.ua, said it should not be held liable for any losses incurred by consumers using digital currencies to settle transactions.

Instead, it urged banks, consumers and payment organisations to use approved payment systems that guarantee consumer protection (of course  )

Full article : http://www.coindesk.com/ukraines-national-bank-issues-bitcoin-warning/

Ukraine, Russie, China and alike "closed" countries hate Bitcoin because it's decentralized currency, they can't control it , and because its anonymity, so they try each period even to don't allow Bitcoin and mark it as "illegal" , or they just send from time to time such warnings

[QuestionAuthority]

Ukraine's National Bank behaves like a bank and says things like a bank would say. Film at 11:00.

[avatar_kiyoshi]

Ukraine's National Bank has warned against the associated risks that come with digital currencies such as bitcoin.

A statement from the bank dated 1st October, first reported by Ukrainian news site Finance.ua, said it should not be held liable for any losses incurred by consumers using digital currencies to settle transactions.

Instead, it urged banks, consumers and payment organisations to use approved payment systems that guarantee consumer protection (of course  )

Full article : http://www.coindesk.com/ukraines-national-bank-issues-bitcoin-warning/

Ukraine, Russie, China and alike "closed" countries hate Bitcoin because it's decentralized currency, they can't control it , and because its anonymity, so they try each period even to don't allow Bitcoin and mark it as "illegal" , or they just send from time to time such warnings

That's right, the government is feel like lose their tummy when they can't control the money.

Well as far as i can see, Russia gov is have a plan to create their own cryptocurrency, based on blockchain technology and China people is have a plan to make a "proposal" to the gov for consider about bitcoin use.