Friends, we all see cryptocurrency as a path to financial freedom. But let’s be honest: freedom in finance is not the absence of rules, but the ability to move quickly and without the chains of bureaucracy. And this is where those who hold the keys to our cards, accounts, and international transfers — banks and payment systems — come into play.

🏦 What is changing for banks and the financial sector?
1️⃣ Banks can no longer ignore crypto.
Previously, the favorite response of compliance: 'crypto = high risk = refusal'. Now, with the law in place, banks will have to operate under clear rules: opening an account for VASP (exchange, exchanger) or for a trader will be possible, but not without control.

2️⃣ Payments through banks = legal channel.
The conversion 'crypto → hryvnia' will no longer resemble a quest to find an adequate P2P seller. Banks will gain the right to conduct such operations officially. But — under the scrutiny of AML (anti-money laundering).

3️⃣ Compliance is turning into a 'customs office' for crypto.
You may be asked the question:

  • Where does this crypto come from?

  • Is there proof of purchase (exchange statements, screenshots)?

  • Why are you withdrawing 50 000 USDT in hryvnia?

Without answers, you risk getting your account blocked.

📑 What does 'compliance' mean in simple words?
It is an internal financial 'sanitary inspector', whose task is to not let any dubious transaction through the bank. Now compliance will gain even more power, as the law requires banks to track crypto transactions.

🌐 For the financial industry, this is both a challenge and an opportunity.

  • Challenge: we need to integrate crypto monitoring systems, train staff, work with new risks.

  • Opportunity: banks will be able to earn from servicing crypto clients, launching new services (crypto cards, loans against BTC/ETH collateral, etc.).

In other words, crypto stops being a 'grey passenger' and becomes an official participant in the financial system.

🌶️ Where’s the spice for ordinary cryptans?
Now every transaction of yours 'crypto → hryvnia' can become transparent for the bank and tax authorities. Forget about the old 'scheme': withdrew to a Monobank card and that's it. New rules mean: you are seen. And the question 'is it worth playing in white?' will soon disappear on its own.

⏭️ What’s next?
And next — it gets even more interesting. Because tomorrow we will talk about Day 9: Simplification and VA. Why 'single tax' and crypto are incompatible. And many will face an unpleasant surprise here...

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📌 Also read in our series:

#BSCreator