Ukraine May Adopt Blockchain at the National Level
Ukraine may introduce blockchain at the national level by law. In this regard, the European Bank for Reconstruction and Development (EBRD) had a meeting with a group of experts. The bill should be ready within two months.
Konstantin Yarmolenko, the adviser to the head of the Agency for E-Government of Ukraine, announced in a Facebook post that the European Bank for Reconstruction and Development (EBRD) and a group of experts had their first meeting in Kiev, Ukraine, in regards to a draft bill on the introduction and promotion of blockchain technology at the national level.
It was noted that the first action should be the introduction of legal definitions of concepts like blockchain, cryptocurrency, mining, smart contract, token/tokenization, and initial coin offering (ICO).
“At the invitation of EBRD's chief lawyer Elena Madir, a potent team gathered together. Their goal is ambitious - to prepare the first bill in the world history for the introduction of blockchain technology at the national level.”
“Blockchain technology generally does not require regulation, but it is necessary to define the concepts.”
The first deputy of the Agency for E-Government of Ukraine, Alexey Vyskub, said that blockchain implementation should be executed in parallel with the eGov reforms and should comply with the principle of “digital by default”.
Deputy Minister of Economy Mikhail Titarchuk termed ICOs as a modern fundraising mechanism.
Comments from the Ukrainian Parliament
According to Yarmolenko’s post, Alexei Mushak, the chief “crypto-deputy” of the Ukrainian parliament, had some interesting comments, such as:
The bill will be ready within two months, after which it will reach the Verkhovna Rada, which is the Ukrainian Parliament.
Earlier, were reported that several Ukrainian politicians had proposed regulations for cryptocurrencies and crypto exchanges. However, it seems that the country on the right track in terms of blockchain adoption and we may see new developments soon.