Ukraine has been granted observer status in the European Blockchain Partnership (EBP). Kyiv officials hope the move will make it easier for the Ukrainian government to implement blockchain technologies and lead to the adoption of more effective crypto regulations.
Ukraine is moving towards joining the European Blockchain Partnership
Ukraine has been accepted as an observer in the European Blockchain Partnership (EBP), an initiative to develop an EU blockchain strategy and build blockchain infrastructure for public services. Observer status is a step towards full membership, which Ukrainian officials and members of the crypto community have been pushing for.
The push for the country’s EBP membership was initiated by Oleksii Zhmerenetskyi, president of the cross-factional Blockchain4Ukraine association of Ukrainian legislators, and Konstantin Yarmolenko, who chairs the non-governmental organization “Virtual Assets of Ukraine”.
In March this year, they sent letters to European Commission President Ursula von der Leyen and other EU officials, asking for the establishment of a common European blockchain infrastructure based on the EBP.
In response to their appeal, the Chief Executive in Brussels confirmed Ukraine’s prospects for observer membership. The country has now become the third non-EU country to take part in the initiative, after Norway and Liechtenstein.
“The integration of Ukraine into the European Blockchain Partnership will strengthen joint work on the introduction of blockchain technology in government registers and services,” Ukrainian Deputy Minister of Digital Transformation Alexander Bornyakov said as quoted by his department.
Bornyakov, who represents the Eastern European nation in the EBP, recently participated in an online meeting of all members. He added that the membership will also foster “a very efficient regulatory environment, including for the virtual asset market” in the country.
According to Blockchain4Ukraine head Zhmerenetskyi, by joining the blockchain partnership, Ukraine will be in a better position to push for recognition of its higher education diplomas and driving licenses for millions of Ukrainian refugees in Europe.
What other ways do you think Ukraine could benefit from joining the European Blockchain Partnership? Tell us in the comments section below.
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