You're reading: WebMoney resumes fully functional operation in Ukraine

The WebMoney electronic payment system has resumed its fully functional operation in Ukraine, reads a posting on the official Web site of the company.

 “We’re glad to inform you that under a court ruling the arrest of funds on bank accounts of the Ukrainian company-guarantor was canceled. Thus, we’ve managed to unblock funds of users and today we resume the WMU withdrawal,” reads the report.

As reported, the representatives of the State Tax Service of Ukraine in June 2013 searched the Kyiv office of the WebMoney electronic payment company.

Ukraine’s Income and Tax Ministry said it had achieved the freezing of Hr 60 million on accounts related to WebMoney. The main investigation department determined that the rules of this global settlement system’s activities had not been agreed with the National Bank of Ukraine.

As a result of the search, a significant amount of computer equipment, which supported the work of the settlement system and which stored information about the activities of the system, was seized.

After the search, the WebMoney system did not work properly; many users complained they could not effect settlements or withdraw funds via bankcards.