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Crypto Card Provider Weld Money Exits Ukraine Amid Regulatory and Military Constraints
Crypto Card Provider Weld Money Exits Ukraine Amid Regulatory and Military Constraints
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Weld Money, a cryptocurrency payment card platform, is terminating its services in Ukraine, citing military and regulatory challenges as primary reasons. The fintech startup advised customers to withdraw funds by month-end, warning of potential access disruptions.
The move follows a broader trend of crypto firms scaling back operations in Ukraine under martial law. Unlike peers exiting due to market conditions, Weld Money’s departure stems directly from geopolitical and compliance hurdles.
Ukrainian crypto users face diminishing on-ramps for digital asset spending. The withdrawal leaves a gap in the country’s fintech infrastructure, where crypto cards served as critical bridges between blockchain networks and traditional commerce.
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