After a year and a half of investigation, the National Bank of Ukraine (NBU) stated that Trustee Plus provides payment services in the country without the appropriate license. The regulator has ordered the company to cease some of its operations related to money transfers without opening a bank account and P2P payments in euros, according to a statement from the NBU.
The press service noted that such activities require a separate permit under Ukrainian law.
Trustee stated that it considers the regulator’s claims to be partially unfounded and insists on the legality of its work through partners in the EU. According to Trustee CEO Vadym Hrusha, the National Bank withdrew five of the seven initial claims, while the rest relate exclusively to the P2P platform and euro transfers.
“The NBU’s decision sets a dangerous precedent for the entire market, effectively banning P2P interaction between users. At the same time, customer assets are safe, and the service continues to operate in the EU in full compliance with the law,” he emphasized.
The company recalled that back in the spring of 2025, it stopped registering new users from Ukraine, but the terms of service remained the same for existing customers.
Experts note that the situation surrounding Trustee Plus demonstrates the lack of a clear regulatory framework for crypto and fintech services in Ukraine. The precedent set by the largest platform could be a signal to other players about the risks of doing business without a specific law on virtual assets. In the long term, this could slow down the development of the crypto market in the country and encourage Ukrainian companies to move their activities to EU jurisdictions, where the rules are more transparent.
Over 2,500 visitors and more than 60 programs: an overview of the Svoe.IT 2025 showroom in Kyiv
On Friday, May 9, the Mystetskyi Arsenal in Kyiv became a gathering place for everyone who creates, develops, and implements Ukrainian technological solutions. The third national showroom of Ukrainian software, Svoe.IT 2025, brought together over 55 Ukrainian developers and more than 2,500 participants from all over the country.
This is not just an exhibition, but a platform for testing solutions in action: CRM and ERP systems, document management software, accounting software, call center software, website and application development, payment services, POS systems, software for the public sector, EDTech solutions, and more.
Event format
Traditionally, the event was held in a showroom format to simplify the process of finding the necessary software for visitors. Guests could “try on” and test programs on site, conduct a full test drive, and get advice on their implementation. Most importantly, they could understand whether a particular software would meet their business needs.
Participants of Svoe.IT 2025 in categories
Payment services, POS systems, software cash registers
IT services
Accounting/management accounting
Reporting and Document Management
AI solutions
Telecom, telephony, and software for call centers
ERP
CRM
Risk monitoring and cyber security solutions
Other
Svoe.IT and Ukraine’s digital sovereignty
This year’s event was dedicated to the topic of Ukraine’s digital sovereignty — the state’s ability to independently control, protect, and develop its own IT infrastructure without critical dependence on foreign technologies.
“Digital sovereignty is not an abstract concept, but a real necessity for Ukraine in the context of war. Svoe.IT demonstrates that we already have our own powerful solutions that can replace foreign or Russian software. When we choose our own, we protect the state, support the economy, and build an independent technological future,” said Nazar Kurochko, CEO of GigaCloud, in his speech.
Nazariy emphasized that high-quality software is not only created in the capital. Khmelnytskyi, Chernivtsi, Kryvyi Rih, Poltava, Dnipro, Uzhhorod, and Ivano-Frankivsk are regions that are full-fledged players in the market. With this in mind, GigaCloud plans to expand the geography of Svoe.IT by organizing regional events to support local developers and strengthen the presence of Ukrainian IT solutions in every corner of the country.
The event also featured panel discussions with business and government representatives. Experts discussed issues related to countering hostile software, integrating AI into domestic developments, what is needed for the development of the technology industry, and practical case studies of solutions for small and medium-sized businesses.
Throughout the event, funds were raised for the needs of soldiers from the 46th separate brigade. Cloud provider GigaCloud launched the fundraiser together with the Tycho Charitable Foundation, and anyone could contribute with a donation. The fundraiser is still ongoing, and anyone who wishes to contribute can do so via this link.
The general partners of the event were IT Ukraine Association and UKRSIBBANK BNP Paribas Group. Diia.City Union and EIT, the Ukrainian hub of the European Institute of Innovation and Technology, organized the Tech Ecosystem Stage. Diia.City United organized a chamber event, Diia.City Square, during the event.
The Svoe.IT 2025 showroom demonstrated the existence of competitive Ukrainian developments in various market segments. GigaCloud announced further steps in the development of the project, including regional events, and therefore Svoe.IT remains a platform for the dissemination of domestic technological solutions and discussion of key issues of the country’s digital development.
https://interfax.com.ua/news/press-release/1071171.html
GigaCloud, Payment services, POS systems, software cash registers, Svoe.IT 2025, Назар Курочко
