Ukraine Has Joined The European Blockchain Partnership

Ukraine has indicated interest to join the European Blockchain Partnership (EBP), as it plans to integrate its digital economic goal with the EU.

This will make Ukraine the third non-EU country to do so after Liechtenstein and Norway joined earlier. The initiative was founded by 27 member states to provide cross-border public services.

Ukraine Will Run A Test-Node Before Registering Fully

Ukraine’s Ministry of Digital Information announced the decision to join the EU as an observer in a bid to expand its blockchain network with other countries.

Ukraine started showing interest to join EBP in July 2021 when the founder of Virtual Assets for Ukraine, Blockchain4Ukraine, and Head of Parliamentary Group, Oleksii Zhmerenetskyi,m wrote a letter to the European Commission (EC). They informed the commission that Ukraine is interested in joining the European Blockchain Services Infrastructure (EBSI) and the EBP as an observer.

Buy Bitcoin Now

Your capital is at risk.

They informed the commission that Ukraine is interested in running a test-node of the EBSI as well as a pilot testing of the cross-border public services on blockchain technology. Cryptocurrency donations for Ukraine during the crisis have already laid an important foundation and supported the country’s cause to join the blockchain community.

Ukraine’s Blockchain Integration With The EU

After carrying out the pilot testing, the next stage is the complete blockchain integration of Ukraine and the EU based on EBSI/EBP initiatives. The goal is to become a full member after the pilot and testing phase is over.

Also, Ukraine wants to enter into more blockchain partnerships to enable more citizens’ efficient cross-border public services. These include asylum/refugee registration and support, as well as verification of identity credentials and educational credentials

While sharing the partnership details, Zhmerenetsky stated that the move to join the EBP will strengthen its relationship with the EU.

Zhmerenetsky added that there are several benefits of the blockchain partnership. Ukraine’s membership will lower the recognition of Ukrainian documents for higher education, especially for refugees in Europe. The Ukrainian government is also looking to discuss a possible collaboration with the French government through Markets in Crypto Assets (MiCA). This will ensure proper regulation of cryptocurrencies whether they are stablecoins or unbacked crypto assets.

Read more: