Ukraine Joins European Blockchain Partnership as Observer – Blockchain Bitcoin News

Ukraine Joins European Blockchain Partnership as Observer

Ukraine has been granted observer standing within the European Blockchain Partnership (EBP). Officials in Kyiv hope the transfer will facilitate the implementation of blockchain applied sciences by the Ukrainian authorities and result in the adoption of extra environment friendly crypto rules.

Ukraine Advances Toward Membership of European Blockchain Partnership

Ukraine has been accepted as an observer within the European Blockchain Partnership (EBP), an initiative to develop an EU technique on blockchain and construct blockchain infrastructure for public companies. The observer standing is a step in direction of full membership, for which Ukrainian officers and members of the crypto neighborhood have been lobbying.

The push for the nation’s accession to the EBP was initiated by Oleksii Zhmerenetskyi, chairman of the Blockchain4Ukraine inter-factional affiliation of Ukrainian lawmakers, and Konstantin Yarmolenko, who chairs the “Virtual Assets of Ukraine” non-government group.

In March this 12 months, they despatched letters to the President of the European Commission Ursula von der Leyen and different EU representatives, urging for the institution of a typical European blockchain infrastructure primarily based on the EBP.

In response to their name, the pinnacle of the chief physique in Brussels confirmed the prospects of Ukraine’s accession as an observer. The nation has now grow to be the third non-EU nation collaborating within the initiative, in addition to Norway and Liechtenstein.


“Ukraine’s integration into the European Blockchain Partnership will strengthen joint work on the introduction of blockchain technology in government registries and services,” Ukraine’s deputy minister of digital transformation Alexander Bornyakov was quoted by his division as stating.

Bornyakov, who represents the Eastern European nation within the EBP, not too long ago took half in a web-based assembly of all members. He added that the accession may also promote “a highly efficient regulatory environment, including for the virtual assets market” within the nation.

According to the pinnacle of Blockchain4Ukraine, Zhmerenetskyi, by becoming a member of the blockchain partnership, Ukraine will likely be in a greater place to push for recognition of its increased schooling diplomas and the motive force’s licenses of tens of millions of Ukrainian refugees in Europe.

Tags on this story

accession, Blockchain, blockchain partnership, blockchain know-how, Crypto, Cryptocurrencies, Cryptocurrency, EBP, EU, Europe, european, integration, Membership, observer, Ukraine, ukrainian

In what different methods do you suppose Ukraine can profit from its accession to the European Blockchain Partnership? Tell us within the feedback part beneath.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, worldwide politics and economics are two different sources of inspiration.

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