Ukraine's first crypto exchange, Kuna, has been blocked by the authorities amid unknown reasons. The founder Michael Chobanian explained the situation via Telegram.
Blocking of Kuna by Authorities
Ukraine's State Service of Special Communications and Information Protection issued an order to block Kuna's domain. The decision was based on a court ruling and a request from the Ukrainian Bureau of Economic Security. The reasons for this action remain undisclosed.
Founder's Reaction and Actions
Kuna's founder Michael Chobanian stated he was not informed about the court proceedings. He mentioned in Telegram that most service providers have already complied with the directive to block the platform. Nonetheless, he assured the public that Kuna's servers are located in Europe, allowing access to users outside Ukraine.
Future of Kuna and Founder's Plans
Chobanian announced the cessation of all commercial operations of Kuna and plans to focus on 'symbiocracy,' aiming to integrate artificial intelligence and nature for self-management. He is also turning his attention to social projects and cryptocurrency usage in light of global trends.
Uncertainty looms over Kuna's future and the reasons behind the blockage. Despite the platform's halt, Michael Chobanian is concentrating on new ventures.
