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NBU Endorses Provisions On E-Signature In Banking System

The National Bank of Ukraine has regulated the use of electronic signature in the banking system.

The press service of the Ukrainian central bank announced this in a statement, Ukrainian News Agency reports.

The National Bank has endorsed provisions on the use of electronic signature in the banking system.

The provisions take effect on August 17, 2017.

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As Ukrainian News Agency earlier reported, the National Bank of Ukraine has authorized banks to establish debtor's loan documentation (debtor's credit file) based on electronic documents issued and signed by the bank and the debtor using electronic signatures.

On July 3, the National Bank of Ukraine commenced issuance of individual licenses (e-licenses) for FX transfers abroad to perform FX transactions through authorized banks.

Individuals (except for entrepreneurs) are able to obtain individual licenses (e-licenses) for FX transfers abroad to perform FX transactions through authorized banks.

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