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Usha Yadav
Jun 18, 2022
by Usha Yadav

Ukraine has Joined the European Blockchain Partnership as an Observer

Ukraine European Blockchain

Table of contents

  1. Ukraine's Joining the European Blockchain Partnership
Ukraine has become the third country outside the European Union (EU) to join the European Blockchain Partnership (EBP), an effort developed by 27 member states to supply cross-border public services. Norway and Liechtenstein were the first. The project's overall purpose is to build a pan-European blockchain and integrate the EU and Ukraine's digital economies. The next phase will expand Ukraine's interstate blockchain collaboration network to include additional countries. On June 17, Ukraine's Ministry of Digital Transformation announced the country's decision to join the EBP as an observer. Ukraine intends to expand its interstate blockchain network relationship with other nations to merge its digital economic space with the EU eventually.

Ukraine's Joining the European Blockchain Partnership

Ukraine's interest in joining the EBP dates back to July 2021, when Oleksii Zhmerenetskyi, the head of the Parliamentary group Blockchain 4 Ukraine, and Konstantin Yarmolenko, the founder and CEO of Virtual Assets of Ukraine, submitted a letter to European Commission President Ursula von der Leyen. Ukraine expressed its desire to join the EBP and the European Blockchain Services Infrastructure in the letter (EBSI). As an observer, Von der Leyen later confirmed Ukraine's potential membership in the EBP. Mairead McGuinness, the European Commission's Commissioner for Financial Services, Financial Stability, and Capital Markets Union, recently stated that "all crypto-assets — whether they're unbacked crypto-assets or so-called stablecoins" must be regulated. The EU commissioner also stated that he intends to explore a proposal with the French government through MiCA (Markets in Crypto Assets).

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Ukraine European Blockchain Partnership Ministry of Digital Transformation
Ukraine has Joined the European Blockchain Partnership as an Observer
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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