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…

This post was published at Zero Hedge on 11/10/2014.