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November 12, 2014, 12:24:18 AM
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Ukraine Hardens Stance on Bitcoin as Russia Lowers Proposed Penalties for Crypto Users

http://cointelegraph.com/news/112901/ukraine-hardens-stance-on-bitcoin-as-russia-lowers-proposed-penalties-for-crypto-users

The virtual currency Bitcoin cannot be used in Ukraine as a means of payment.

The above was announced in a post on the official website of the National Bank of Ukraine (NBU). According to the regulator, Bitcoin and other cryptocurrencies represent "money substitutes.”
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