Community #BinanceSquare , please pay attention to important information regarding financial security in Ukraine.
The organization BitCapital, which offers "crypto-loans" in hryvnias, was recognized by the National Bank of Ukraine (NBU) as engaging in illegal financial activities without the proper license.
🔎 How Does the Scheme Work?
Masking: The company issued hryvnia loans, formally arranging them as loans in cryptocurrency USDT (Tether). This allowed them to bypass Ukrainian consumer lending legislation.
Illegal Conditions: According to the NBU, the service applied excessively high interest rates and illegal fines that significantly exceed the legally permissible norms.
Aggressive Collection Pressure: Clients are massively complaining about harsh and uncivilized debt collection methods that violate their rights and inviolability.
🛑 What Do Crypto Users Need to Know?
DYOR (Do Your Own Research): Always check the financial institution for an NBU license before taking any loans, even if they are "masked" as crypto services.
Regulation: If the company does not have a license, it does not fall under the protection of Ukrainian consumer lending laws, which leaves you completely unprotected.
If you have been affected by the activities of BitCapital, contact law enforcement and the NBU!
Do not let scammers use cryptocurrency as a cover for illegal financial operations. Keep your funds safe!
Media Investigation: Journalistic investigations have been conducted that detail the scheme, collection racketeering (threats, calls to relatives, fake photos) and the impunity of the company that is likely hiding behind a British legal entity.
This is a company engaged in illegal activities, do not fall for easy money!
