NBU Restricts Trustee Plus P2P Services in Ukraine, Sparks Market Concerns

The National Bank of Ukraine (NBU) has barred Trustee Plus from offering unlicensed payment services, specifically targeting euro transfers and P2P platform access. The decision, announced on September 22, 2025, follows an inspection that narrowed seven alleged violations down to two. Trustee CEO Vadym Hrusha maintains client assets remain secure, emphasizing the regulator's objections target only specific service structures.

Market analysts warn the move could ripple through Ukraine's crypto ecosystem, particularly affecting P2P liquidity. While no direct cryptocurrency restrictions were imposed, the regulatory scrutiny highlights growing institutional focus on payment infrastructure compliance. Trustee continues operating licensed services for existing Ukrainian users.