Ukraine Bank Roadmap: Blockchain-Based Payments by Q4 2017
Ukraine’s central bank has unveiled the roadmap for its Cashless Economy scheme, which will see it use the Blockchain as the basis for e-money transmission from 2017. Blockchain Roadmap for Payments, State Registers. The plans, which run until the first quarter of 2018, were revealed by Konstantin Yarmolenko, an advisor to the head of the agency for....
Related News
The decision to transition to electronic money was not entirely unexpected. Central banks all over the world are contemplating the concept of electronic money. Ukraine is on that list, and it looks like the Hryvnia will go digital in 2017. Additionally, there are big plans on the table to introduce blockchain technology in the country. One of the blockchain-based projects will focus on transferring state registers in Ukraine. Big changes will be coming to Ukraine’s economic ecosystem. Similarly to other countries around the world, there is a large focus on digitisation and blockchain....
National Bank of Ukraine is hiring a blockchain expert who will likely support its digital currency project. The vacancy has been announced as the financial institution prepares to pilot e-hryvnia salary payments for government workers as early as this year. NBU Posts Blockchain Developer Ad on Linkedin The central bank of Ukraine is looking to employ a blockchain developer with promises of career growth opportunities and a private sector salary. A job posting describing the role’s responsibilities and the benefits candidates may expect has been recently published on Linkedin by....
The Internet Development Institute (IRI) of Russia has prepared a roadmap titled “Economics and Finance” which includes a proposal for regulating blockchain. A new roadmap that pitches the proposal to ‘legalize’ blockchain technology by January 2017 was submitted to President Putin this week, December 22, 2015. The roadmap is a supplement under the wider proposal called “Internet Program 2025”, an initiative that puts together proposals for the development of internet and communication as a whole in Russia. The proposal has one if its strongest advocates in Andrei Romanenko, the co-founder....
Government and business representatives have produced a roadmap to transform Ukraine into a leader in cryptocurrency integration. The authors of the new strategy want to see half of Ukrainians using digital currencies by 2024. The East European nation is expected to regulate its crypto space by the end of this year. Strategy for Crypto Market Development Adopted in Ukraine As a country where cryptocurrencies have enjoyed a growing popularity, Ukraine now also has a strategy to develop its virtual asset market within the next three years. The plan has been presented by officials from the....
The National Bank of Ukraine has issued a warning to the country’s regional banks, global financial institutions and its executives regarding the financial risks involved in the use of digital currencies like bitcoin. The announcement of the Ukraine National Bank follows the organization’s investigation of the development and the use of emerging financial and payment systems. As a joint initiative, Central Banks of the EU countries and the National Bank of Ukraine warned all banks, payment organizations and executives to fully understand the necessary risks and potential damage when using....