Checks, frozen funds, tainted USDT and how not to lose money because of someone else’s transfer history.
Article 179-1 of the Civil Code has been in force since 3 September 2023 and calls virtual assets a digital thing: cryptocurrency is inherited — but that is a conclusion drawn…
A cryptocurrency seller was used without their knowledge: the payment came not from the buyer on the order but from a person who had been deceived.
The bank sees neither a “company” nor a “person”, but the fields of a payment instruction.
An exchange order does not ask for documents: there are two required fields — a Telegram handle and a wallet address.
Importing the phrase and sending over the network are two different operations with opposite consequences.
A completed transfer cannot be cancelled: only the owner of the recipient address can hand the coins over.
A blocked address stops sending USDT but keeps receiving it, and the network's own coin on it is alive: what is frozen is one token, not the wallet.
What makes USDT genuine is the contract address, not the name of the token.
The question is not which is safer in general, but how much you hold and how often you touch it. Hardware removes one class of threats and leaves three others in place.
The device guarantees one thing: the private key never leaves the chip.
A seed phrase is access to your funds, not a password to an app. Lose the device and you can restore everything. Lose the phrase and the money is gone for good.
First find out what is restricted: a single transaction or the whole account. Then find the deadline in the bank's request.
There is no official list of documents for crypto income, and the banks' own lists do not mention cryptocurrency at all.
Ministry of Finance Order No. 465 lists risk criteria, but it does not apply to banks: clause 2 of section I excludes them outright.
The 400,000 UAH figure is a threshold for mandatory financial monitoring only, and it works together with one of the four indicators in Article 20.
An exchange service may pause a transaction if AML scoring identifies a high-risk origin for USDT. The check assesses the history of the coins, not the customer’s identity.