As the Ukrainian government pushes forward legislation related to cryptocurrencies, a major domestic e-bank is preparing to launch a debit card with the ability to trade bitcoin (BTC).

Oleg Gorokhovsky, co-founder of Monobank, announced that the Ukrainian online banking application Monobank has completed a trial integration with its cryptocurrency trading platform.

According to the CEO, the new integration will allow Monobank users to buy and sell bitcoins using debit cards. Gorokhovsky noted that Monobank plans to launch the new feature later this month, pending approval by the National Bank of Ukraine.

Monobank, founded in 2017, operates under a license from Universal Bank owned by businessman Serhiy Tigipko, former head of the Central Bank and former Deputy Prime Minister of Ukraine. As of August 2020, Monobank’s user base has over 2.5 million customers.

Monobank’s Gorokhovsky, who is also the former deputy head of PrivatBank, Ukraine’s largest commercial bank, expressed optimism about Bitcoin earlier this year. In a February post on Facebook, Gorokhovsky said that buying bitcoins from Tesla for 1.5 billion dollars finally convinced him to believe that bitcoin did not come anywhere. He also reported a large personal stake in bitcoin, predicting that bitcoin will reach $ 100,000 by 2022.

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The Ukrainian authorities are constantly moving forward with a number of banknotes linked to digital currencies. Deputy Minister of Digital Transformation Alexander Bornyakov announced last Wednesday that the department recommends adopting the updated law “On Virtual Assets” in second reading.

On Wednesday, the Verkhovna Rada also passed a new law regulating payment methods, including rules regarding the digital currency of the Central Bank of Ukraine.

Source: CoinTelegraph