After Norwegian and Liechtenstein, Ukraine grew to become the 3rd country outdoors the Eu (EU) to participate the ecu Blockchain Partnership (EBP), an initiative derived by 27 member states to provide mix-border public services.
The Secretary of state for Digital Transformation of Ukraine announced the country’s proceed to join the EBP being an observer on Next Month. Using the ultimate objective of integrating its digital economic space using the EU, Ukraine intends to expand its interstate blockchain network partnership along with other countries.
Ukraine’s intent to participate the EBP goes back to This summer 2021, when Oleksii Zhmerenetskyi, the mind from the Parliamentary group, Blockchain4Ukraine, and Konstantin Yarmolenko, the founder and Chief executive officer of Virtual Assets of Ukraine, authored instructions to Ursula von der Leyen, obama from the European Commission. The letter declared Ukraine’s curiosity about joining the EBP and also the European Blockchain Services Infrastructure (EBSI). von der Leyen later confirmed the possibilities of Ukraine’s accession towards the EBP being an observer.
Talking with Cointelegraph, Yarmolenko mentioned Ukraine’s curiosity about running test-node from the EBSI and pilot use installments of the mix-border public services in line with the blockchain technology. He highlighted the cryptocurrency donations throughout the Russia-Ukraine war “proved as vital support,” stating:
“Next step is full blockchain integration of Ukraine and EU according to EBP/EBSI initiatives.”
We have spent using the EBP on blockchain pilot use cases being an observer, Ukraine aims to achieve full membership. Yarmolenko further says Ukraine is targeting additional blockchain partnerships to supply the citizens of Ukraine with mix-border public services including verification of educational credentials/diplomas and identity credentials and refugee/asylum registration and support.
While discussing information regarding their bond, Yarmolenko mentioned the proceed to join the EBP is a method to strengthen ties using the EU, adding that “I’d even refer to it as blockchain integration with EU.”
Furthermore, mentioning an advantage from the EU-wide blockchain partnership, Zhmerenetsky stressed that Ukraine’s accession towards the EBP would cut back very good of Ukrainian documents for greater education and driver’s licenses for Ukrainian refugees in Europe.
Related: EU commissioner reiterates requirement for ‘regulating all crypto-assets’
Mairead McGuinness, the Commissioner for Financial Services, Financial Stability and Capital Markets Union in the European Commission, lately highlighted the requirement for “Regulating all crypto-assets — whether they are unbacked crypto-assets approximately-known as stablecoins.”
The EU commissioner also disclosed intends to discuss an offer using the French government via Markets in Crypto Assets (MiCA):
“MiCA rules would be the right tool to deal with the concerns on consumer protection, market integrity and financial stability. This really is something which is really urgent given recent developments.”
