• Home
  • Login
  • Register
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
SUBSCRIBE
No Result
View All Result
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
Currency Insider
No Result
View All Result

Ukraine Considering CBDC That Can Facilitate Crypto Trading

The National Bank of Ukraine says it is looking at retail payments, virtual asset circulation and cross-border transactions as possible use cases for an electronic hryvnia.

by CBDC Insider
November 29, 2022
in Business
Reading Time: 2min read
0
Ukraine Considering CBDC That Can Facilitate Crypto Trading
Share on FacebookShare on Twitter

RELATED STORIES

Amid crypto winter, central banks rethink in-house digital currencies

Amid crypto winter, central banks rethink in-house digital currencies

January 24, 2023
Digital currency firm Amber reduces employee count in Hong Kong

Digital currency firm Amber reduces employee count in Hong Kong

January 22, 2023

The National Bank of Ukraine is considering an electronic version of the Ukrainian hryvnia that would be able to facilitate the exchange and issuance of virtual assets, among other uses.

The central bank has discussed its vision for an electronic iteration of the country’s sovereign currency, the hryvnia, with representatives of banks, non-banking financial institutions and the crypto market, according to an official press release on Monday. The bank is exploring retail non-cash payments, virtual asset circulation and cross-border transactions as possible applications for a CBDC.

“E-hryvnia can become one of the key elements of qualitative infrastructure development for the virtual-assets market in Ukraine,” the report said.

Ukraine has been looking into a CBDC since 2017, and is one of more than 100 jurisdictions around the world exploring a national digital currency. In July 2021, President Volodymyr Zelensky signed into law a bill to allow the central bank to issue a CBDC that can be grouped in the same category as cash or electronic money.

Last December, Tascombank, one of the country’s oldest commercial banks, revealed plans to test an electronic hryvnia built on the Stellar network.

Crypto came to play a role in collecting donations and facilitating the purchase of critical supplies after Russia’s invasion of the country in February.

The central bank said it “continues to develop” the “e-hryvnia” project with market participants and state bodies.

 

read more at coindesk.com

Previous Post

France, Luxembourg Test CBDC for 100M Euro Bond Issue

Next Post

India to roll out retail CBDC on Dec. 1

Next Post
India to roll out retail CBDC on Dec. 1

India to roll out retail CBDC on Dec. 1

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register