Ukraine uses Stellar to launch CBDC pilot – electronic hryvnia

    One of Ukraine’s oldest commercial banks, Tascombank, is launching a Stellar-based pilot for an electronic hryvnia, a digital version of Ukraine’s national fiat currency. The pilot, supported by Ukraine’s Ministry of Digital Transformation, will test an electronic hryvnia in handling payroll for public employees along with peer-to-peer and merchant payments. In a statement published Tuesday,…

    Parliament of Ukraine passes law to legalize cryptocurrency in the country

    On Sept. 8, Ukrainian lawmakers voted for the bill legalizing and regulating cryptocurrency and other virtual assets in the country. Before, cryptocurrencies have been neither legal nor forbidden in Ukraine because there were no laws that defined their status. Ukrainians could buy and exchange virtual currencies, but local courts couldn’t protect them if something went…

    Ukraine creates its own CBDC base

    Though there is still no final decision on launching state digital currency, even with all the necessary legislation, a model project and a seemingly an already determined blockchain. On June 30, Ukrainian parliament, the Verkhovna Rada of Ukraine, on second reading passed the law “On Payment Services”, which, among other things, spelled out the general…