10.6 C
Friday, June 2, 2023

Ukraine Pushes for Membership in European Blockchain Partnership

Ukraine Pushes for Membership in European Blockchain Partnership – Activists and legislators in Kyiv are urging the European Union to welcome Ukraine into the European Blockchain Partnership. They believe that the recently passed “On Virtual Assets” law will help the country become a blockchain leader.

- Advertisement -

Members of the public union “Virtual Assets of Ukraine” and Blockchain4Ukraine, an inter-factional organization of Ukrainian legislators, are advocating for Ukraine to join the European Blockchain Partnership in its entirety. Representatives from both groups have pleaded with EU institutions to allow their countries to join the effort.

According to the crypto news outlet Forklog, letters with the appeal were written to European Commission President Ursula von der Leyen, her cabinet chief Bjoern Seibert, and Anthony Whelan, who works as a digital policy adviser to the executive body in Brussels.

Also Read: US Senate Committee Advances Bill to Mitigate Risks From El Salvador Adopting Bitcoin as Legal Tender

The writers of the letter argue that, once the military conflict with Russia is over, blockchain technology can help Ukraine rebuild by enabling the provision of cross-border services. “EBP will speed this recovery while also supporting Ukraine’s continued integration with the EU.”

- Advertisement -

When the Russian Federation launched its military invasion in late February, Ukraine, a leader in aspects of crypto adoption in Eastern Europe, was on the verge of thoroughly regulating its crypto sector. The measure “On Virtual Assets” was passed by the Verkhovna Rada, Ukraine’s parliament, earlier that month. In mid-March, President Volodymyr Zelenskyy signed it into law.

Ukraine Pushes for Membership in European Blockchain Partnership – To address defense and humanitarian issues, the Ukrainian government has relied on cryptocurrency donations. Officials behind the EBP initiative are also optimistic that the new legislation would enable Ukraine to become a “European blockchain leader” in the future.

Also Read: Ukraine’s Government Launches Museum of War NFT Collection

Bjoern Seibert said last summer that the EBP member states were willing to consider awarding Ukraine observer status. Full membership, as demanded by the Ukrainians, would connect the country to the European Blockchain Services Infrastructure, which allows access to a greater range of cross-border electronic services.

- Advertisement -


Please enter your comment!
Please enter your name here

More From Evoclique