Propy, the global property store and decentralized title registry, is partnering with the government of Ukraine to allow online real estate purchases by foreign investors for the first time.
According to the official comment by Oleg Chupriy, the deputy chairman of the National Bank of Ukraine, Bitcoin has no legal status in Ukraine.
Even though Ukraine’s legislation does not include any direct bans on cryptocurrency mining, miners have become objects of interest for the SBU, the country’s security service, and other law enforcement agencies.
According to the president of investment group Univer Taras Kozak, the government of Ukraine intends to use the distributed ledger technology for real estate title registration as of January 1st, 2018.
JUNE 16, KYIV, UKRAINE – Representatives of the Government of Ukraine and Valery Vavilov, CEO of the leading infrastructure provider BitFury, have signed a memorandum of commitment to move the country’s land registry to blockchain.
Ukraine’s National Bank (NBU) concedes using blockchain technology to issue electronic version of the country’s national currency hryvnia. Electronic hryvnia may be issued as part of the National Bank’s project Cashless Economy.
June 8th, 2017, Ukraine’s Ministry of Justice signed a memorandum on cooperation with leading blockchain infrastructure provider BitFury.
April 13, Ukraine’s state agency for e-governance and BitFury have signed a historic memorandum of cooperation. A few days later, the country’s Ministry of Justice announced it was ready to deploy blockchain technology within SETAM, the system for escheat sales, and the ministry’s basic ledgers.