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NBU Crackdown on Trustee Plus Sparks Concerns Over Crypto P2P Services in Ukraine
NBU Crackdown on Trustee Plus Sparks Concerns Over Crypto P2P Services in Ukraine
20
3
BTCCSquare news:
The National Bank of Ukraine has ordered Trustee Plus to halt unlicensed payment services, citing unauthorized fund transfers and P2P transactions. The regulator's year-long audit concluded on September 15, 2025, targeting euro transfers between users on the platform.
Trustee CEO Vadym Grusha contends the decision creates a dangerous market precedent while maintaining customer asset security. "This effectively prohibits P2P interaction between users," the company stated, arguing its EU partnerships ensure legal compliance.
The MOVE signals growing regulatory scrutiny of crypto-native financial services in Ukraine, particularly for platforms facilitating direct user transactions without traditional banking infrastructure.
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