The Ukrainian government is planning to block bitcoin accounts used by separatists operating in the Eastern regions of Lugansk and Donetsk, reports suggest.
“The financing of terrorism in the territory of Ukraine is carried out not only by the cash coming from Russia, but also through attempts to make money through electronic systems […] we will work to block cards and bitcoin accounts being used by the separatists.”
The chairman did not explain how the security service was planning to block the accounts.
In the meantime, Reddit users have fuelled speculation that Ukranian exchange website BTCTrade.com.ua may be inaccessible to domestic Internet users.
Confirmation, which has been loosely translated, came via Twitter: “We are under suspicion by Privatbank. We apologise for temporarily suspending payouts in Hryvnia.”
After President Viktor Yanukovych’s removal from office and the subsequent eruption of violent demonstrations across the country, people rallied to campaign for funds.
Photos of protesters holding campaign signs to raise funds directly via bitcoin in Kiev’s central square began to surface online. The insurgents were holding up QR codes, as part of a co-ordinated effort to collect instantaneous donations from everywhere in the world.
At press time, BTCTrade.com.ua and SBU had not responded to requests for comment.
- ^ SBU (www.ssu.gov.ua)
- ^ iPress (ipress.ua)
- ^ #приватбанк (twitter.com)
- ^ March 19, 2015 (twitter.com)
- ^ protests (www.slate.com)
- ^ sent out (www.paypal-community.com)
- ^ Ukraine Protestors Turn to Bitcoin to Ease Cash Crisis (www.coindesk.com)
- ^ Image (www.shutterstock.com)
- ^ Crime (www.coindesk.com)
- ^ Russia (www.coindesk.com)
- ^ Terrorism (www.coindesk.com)
- ^ Ukraine (www.coindesk.com)