#ukraine

The service is built on the Stellar blockchain and activated by the MoneyGram retail agent network, allowing the exchange's clients to convert digital currency into cash. You can exchange USDC for hryvnias, dollars, and euros at respective MoneyGram branches throughout Ukraine. Currently, the service is available only to users residing in Ukraine who have completed KYC verification with Ukrainian documents. There are no fees for this service until June 2024! For the user, the entire process consists of several steps, which are thoroughly described in the comprehensive exchange instructions on the WhiteBIT website.

Ukraine's Security Service has successfully dismantled a significant underground network that was carrying out unauthorized financial transfers between Russia and Ukraine, making use of banned Russian payment systems and digital currencies. Active in four regions, these secretive hubs were handling over $1 million each month. Platforms like Yumoney, Webmoney, and various cryptocurrencies were employed to change Russian rubles into digital currencies and subsequently into Ukrainian hryvnia. The primary customer base was made up of hackers and companies participating in under-the-table transactions with Russia.