“The Board of the National Bank of Ukraine has decided to recognize the services provided by BitCapital service. The company gives Ukrainians micro-loans in UAH without any registration and bypassing all the restrictions established.”, – WRITE: epravda.com.ua
The Board of the National Bank of Ukraine has decided to recognize the services provided by BitCapital service. The company declared the issuance of cryptocurrency loans, although it actually issued them in UAH without any registration. The regulator made the appropriate decision on February 4, the NBU press service said. “The National Bank of Ukraine, according to the results of the analysis of the BitCapital Service, found in such transactions the signs of financial service for the provision of funds on credit, which violates the Law of Ukraine” On Financial Services and Financial Companies. ” It is masked in contracts with consumers as a loan in cryptoactiva, “the regulator said. They note that although formally loans are granted to USDT, the plaintiffs were in fact loans in UAH. That is, the service provides micro -loans in Ukraine without having any permits and licenses. Advertising: the lack of licenses allowed BitCapital to provide loans, bypassing the maximum interest limit. Moreover, the collectors of the service violated the rules established by law to recover debt, blackmailing and terrorizing borrowers. The NBU added that more than 700 complaints of Ukrainians have been received for the service. Most often, consumers complain about high interest and non -civilized debt collection policies. “Particularly vulnerable were socially disadvantaged population groups, as well as servicemen who refused the company provided by the legislation of Ukraine and aggressively collected the debt,” the regulator added: according to the NBU, the BitCapital service belongs which is registered in Britain. The National Bank has already contacted the British regulator to take the appropriate measures against the company. It is recognized in the NBU that they do not have a direct impact on the service, since the owner is registered abroad and has no license in Ukraine. Bitcapital customers were received through illegal schemes. “In fact, consumers received funds for accounts through P2P transfers using a network of drops,” explained Olga Lobaychuk, Head of the Consumer Protection Department of Consumers of Financial Services. Read also: “Drop” will always live. Their decision will have several consequences for BitCapital. Credit stories) The purpose of proper and timely information of consumers about any identified facts of financial services without a license or providing services that have signs of financial services, reports of such services are placed on the pages of the official website of the National Bank, ”the National Bank added. Read also: Card transfers will be limited even more. Why can the banks do it