The oldest Ukrainian cryptocurrency exchange has ceased operations, and there are no discussions about a sale.

The oldest cryptocurrency exchange in Ukraine, Kuna, is ceasing operations in all countries after 11 years of service. 

This was announced by the company's founder, Mykhailo Chobanyan.

He emphasized that this is about the closure of the platform, not its sale. The platform's code, stripped of user data, will continue to exist as part of several projects. Users will be able to withdraw their assets within a two-month transition period.

Chobanyan noted that he does not intend to conflict with the state. After participating in the World Economic Forum in Davos, he decided to conclude commercial activities and focus on social projects and artificial intelligence.

On January 22, the State Service for Special Communications and Information Protection of Ukraine (SSSCIP) issued an order requiring internet service providers to restrict access to Kuna. 

The order came after a decision by the Shevchenkivskyi District Court of Kyiv based on a request from the Bureau of Economic Security (BEB).

According to Chobanyan, he learned about the platform's blocking from users, as representatives of the exchange were not invited to the court.