Ukraine’s Monobank to launch crypto trading service

While Ukrainian government is under progress with cryptocurrency regulations, ebank Monobank plans to launch a debit card with crypto trading function. Monobank has completed the pilot integration with cryptocurrency trading platform, allowing clients to buy and sell cryptocurrency, Oleg Gorokhovsky, the co-founder of Monobank, announced yesterday. The new feature will be released after the approval from the National Bank of Ukraine.

Vietnam prime minister Phạm Minh Chính is propelling a digitalised government, including cryptocurrency and blockchain technology. Thus, Vietnam’s State Bank is going to pilot a cryptocurrency scheme between 2021 and 2023. “ Digital currency is an inevitable trend.” said Huỳnh Phước Nghĩa, the deputy director of the Institute of Innovation at the University of Economics in Ho Chi Minh City. The scheme could help the government to be more familiar with the crypto industry.

On the other hand, UK bank Barclays blocked customers from sending money to Binance, as a means to protect client’s money safely. The policy disappointed many clients from the bank, who believed that the bank should not violate their freedom of how to spend their money.

TideBit is a leading crypto asset exchange supporting fiat currency.