Ukraine’s government has chosen the Stellar blockchain network as a platform to build a central bank digital currency (CBDC).
Announced Monday, the Ministry of Digital Transformation of Ukraine and the Stellar Development Foundation (SDF) signed a Memorandum of Understanding to build out a “virtual assets ecosystem and national digital currency of Ukraine.”
The National Bank of Ukraine has been researching the possibility of CBDC implementation since 2017, and the Stellar partnership will now be the basis of its virtual currency development, according to Digital Transformation and IT Deputy Minister Oleksandr Bornyakov.
Read more: https://www.coindesk.com/ukraine-government-picks-stellar-to-help-build-national-digital-currency
