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Kyiv Utility Service Dismantles Bitcoin Embassy

17:27 19/02/2019
Kyiv Utility Service Dismantles Bitcoin Embassy

Employees of the Department of Urban Improvement of Kyiv dismantled a small architectural form (MAF) called Bitcoin Embassy in Ukraine, which was located on Lviv Square in the capital of the country, Informator reports.

Employees of the Department of Urban Improvement of Kyiv dismantled a small architectural form (MAF) called Bitcoin Embassy

Michael Chobanyan, the founder and executive director of the Ukrainian crypto exchange Kuna, was the main participant in the construction of the pavilion. It was opened in 2014 and housed a bookstore apart from the “embassy”. According to Chobanyan, the project was created for educational purposes, but he left it next year because of disagreements with the partner who owned the pavilion.

 

During the demolition, a police tactical and operational response unit was on duty at the site. The dismantling took place without any conflicts.

 

Apart from the Bitcoin Embassy in Ukraine, a virtual monument of Satoshi Nakamoto, which can be seen in 3D in a specific mobile app, was installed in Kyiv at the end of September 2018. It is located on the place of the former monument to Lenin and symbolizes the change of epochs.

 

The sphere of cryptocurrency and blockchain is steadily evolving in Ukraine. At the beginning of February 2019, PrivatBank, the leading bank in the country, announced the use of blockchain technology during an auction related to the rental of real estate in the city of Dnipro.

 

As previously reported, the international educational blockchain project StudUp2 will hold an expert assessment of the knowledge of young crypto sphere specialists called StudRate in early March in Kyiv.

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