The National Bank of Ukraine (NBU) has requested local cryptocurrency firms to file details of their financials, raising concerns over new regulatory measures. The bank demanded at least four virtual asset firms including Kuna, CoinPay, Geo Pay, and Qmall to provide financial documents alongside other requirements within seven days. The news made rounds after it was circulated on social media by several Ukrainian telegram news channels. In addition to financial requirements, firms are to file statements on all accounts in 2023. The recent regulatory policies by Ukrainian authorities have slowed the growth of web3 firms in the country.
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