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.
Ukraine has partnered with global technology company the Bitfury Group to put a sweeping range of government data on a blockchain platform, the firm’s chief executive officer told Reuters, in a project he described as probably the largest of its kind anywhere.
Rumors of Ukraine’s largest commercial bank PrivatBank inevitable nationalization have been circulating for a long time. One may only guess whether the new record set at Ukraine’s LocalBitcoins last week has anything to do with that; however, the USD exchange rate in Ukraine definitely has, as millions of the bank’s.
Over the past week, the volume of bitcoin transactions on LocalBitcoins in Ukraine has reached its all-time high peaking at 2,283,083 hryvnias (almost $87,000.)
According to Sergei Shatski, the head of retail payments department at the National Bank of Ukraine, the country’s banking system is well-developed technologically, however, the regulator needs more time to check everything before actually implementing blockchain technology.