Ukraine's central bank NBUkraine_eng is considering an electronic hryvnia that can facilitate virtual asset exchange, issuance and other operations. iamsandali reports
The National Bank of Ukraine is considering a future electronic version of the Ukrainian hryvnia that can facilitate virtual asset exchange, issuance and other operations.
The central bank has discussed its vision for an electronic iteration of the country's sovereign currency, the hryvnia, with representatives of banks, non-banking financial institutions and the crypto market, according to anpublished on Monday. The bank is exploring retail non-cash payments, virtual asset circulation and cross-border transactions as possible applications for a CBDC.
"E-hryvnia can become one of the key elements of qualitative infrastructure development for the virtual assets market in Ukraine," the report said. Ukraine has been looking into a CBDC since 2017, and is one of more than 100 jurisdictions around the world exploring the issuance of a national digital currency. In July 2021, President Volodymyr Zelensky
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