Ukraine has been granted observer status in the European Blockchain Partnership (EBP). Kiev officials hope that this move will facilitate the Ukrainian government’s adoption of blockchain technology and lead to the introduction of more efficient cryptographic regulation.
Ukraine Moves Forward to Join European Blockchain Partnership
Ukraine has been approved as an observer in the European Blockchain Partnership (EBP), an initiative to develop an EU strategy on blockchain and build blockchain infrastructure for public services. Observer status is a step toward full membership, which Ukrainian officials and members of the crypto community have been lobbying for.
The push for the country’s EBP membership was initiated by Oleksii Zhmerenetskyi, chairman of Blockchain4Ukraine, an inter-factional organization of Ukrainian legislators, and Konstantin Yarmolenko It was initiated by Mr.
In March of this year, they sent a letter to EU representatives, including European Commission President Ursula von der Leyen, calling for the creation of a common European blockchain infrastructure based on EBP.
In response to that call, the head of the executive body in Brussels confirmed Ukraine’s prospective membership as an observer. The country now becomes the third non-EU member, after Norway and Liechtenstein.
“Ukraine’s integration into the European Blockchain Partnership will strengthen our joint work on the implementation of blockchain technology in government registries and services,” Alexander Bornyakov was quoted by his department.
Bornyakov, who represents Eastern European countries in the EBP, recently participated in an online meeting of all members. He added that membership would promote a “highly efficient regulatory environment, including a virtual asset market” in the country.
According to Zhmerenetskyi, head of Blockchain4Ukraine, by joining the blockchain partnership, Ukraine will be in a position to promote the recognition of higher education diplomas and driver’s licenses for millions of Ukrainian refugees in Europe It will be in an advantageous position, he said.
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