The National Bank is preparing restrictions on card transfers

The financial regulator is set to tighten its policy regarding Ukrainians, as stated by Andriy Dubas, the President of the Association of Ukrainian Banks.

Supposedly, the restrictions will not affect those who use banking services and abide by the legislation. According to Dubas, this is about continuing the fight against tax evasion. There is still no clear information regarding the specific restrictions being developed by the Verkhovna Rada and the National Bank.

Additional measures will definitely be applied to restrict certain monetary volumes. For example, if a bank sees that a similar volume of transactions occurs on a card every week, but atypical transactions appear the following week. That is, 2500-5000 euros appear on the card every day. The bank may also pay attention to the number of card transactions. Strengthening control over the turnover of funds is necessary for the Ukrainian authorities to increase tax revenues. Given the critical situation in the economy, this is the last source from which money can be taken to prevent an economic collapse.