Ukraine to block separatists’ bitcoin accounts

The government of Ukraine is planning to crackdown separatists' bitcoin accounts operational in the Eastern regions of Lugansk and Donetsk, according to recent reports.

Valentyn Nalyvaychenko, the chairman of Ukraine's security service told iPress that even card and bank accounts would not be exempted.

"The financing of terrorism in the territory of Ukraine is carried out not only by the cash coming from Russia, but also through attempts to make money through electronic systems [...] we will work to block cards and bitcoin accounts being used by the separatists", Nalyvaychenko said.

The chairman, however, did not mention how the security service was planning to block the accounts.