Trustee Plus: The Crypto App Ukraine Had to Partially Ban
Banning a foreign fintech company in Ukraine is rare. The National Bank of Ukraine (NBU) doesn’t throw partial bans around lightly, especially not at EU-licensed companies. However, in September this year, that’s exactly what happened to Trustee Global UAB and its Trustee Plus app. As is expected, this development has led to multiple questions surrounding this extraordinary ban.
In today’s piece, DisruptionBanking investigates the circumstances that led to the ban.
The Quiet Boom: 750,000 Ukrainians and a Top-20 Finance App
The National Bank of Ukraine (NBU) stunned the fintech sector by ordering Lithuanian-registered Trustee Global UAB to halt certain services in Ukraine, citing “unlicensed financial payment services” provided…
