Trustee Plus Responds to National Bank of Ukraine’s P2P Operation Concerns
The National Bank of Ukraine has prohibited Trustee Global UAB, the operator of the cryptocurrency wallet Trustee Plus, from providing financial payment services in the country without the necessary license for such activities. What Happened? Upon analysis, the regulator discovered instances of access being provided to a P2P platform and euro transfers between users without account opening. Such activities, under the Financial Services Act, require authorization from the National Bank, which the company lacked.
