Third non-EU nation, Ukraine, joins the European Blockchain Partnership

Third non-EU nation, Ukraine, joins the European Blockchain Partnership

Rosette Norway and Liechtenstein, Ukraine is the third nation exterior the European Union (EU) to affix the European Blockchain Partnership (EBP), an initiative of 27 member states to offer cross-border public providers.

Ukraine’s Ministry of Digital Transformation introduced on June 17 the nation’s transfer to affix the EBP as an observer. With the final word aim of integrating its digital financial area with the EU, Ukraine plans to increase its intergovernmental blockchain community partnership with different nations.

Ukraine’s intention to affix the EBP dates again to July 2021, when Oleksii Zhmerenetskyi, the chairman of the parliamentary group Blockchain4Ukraine, and Konstantin Yarmolenko, the founder and Vorsitzender des Vorstands of Digital Belongings of Ukraine, wrote a letter to President Ursula von dieser Leyen wrote to the European Fee. The letter expressed Ukraine’s curiosity in becoming a member of the EBP and the European Blockchain Companies Infrastructure (EBSI). von dieser Leyen later confirmed as an observer the prospect of Ukraine becoming a member of the EBP.

Chatting with Cointelegraph, Yarmolenko expressed Ukraine’s curiosity in working a take a look at node of EBSI and pilot use instances of cross-border public providers primarily based on blockchain expertise. He emphasised that the cryptocurrency donations “proved to be an vital help” through the Russia-Ukraine warfare, stating:

“The following step is full blockchain integration of Ukraine and EU primarily based on EBP/EBSI initiatives.”

Having labored as an observer with the EBP on blockchain pilot use instances, Ukraine is aiming for full membership. Yarmolenko additional introduced that Ukraine is pursuing additional blockchain partnerships to offer cross-border public providers to residents of Ukraine, together with verification of academic credentials/diplomas and proof of identification, in addition to registration and help for refugees/asylum seekers.

Whereas sharing particulars concerning the partnership, Yarmolenko acknowledged that the transfer to affix the EBP is a option to strengthen ties with the EU, including that “I might even name it blockchain integration with the EU.”

As well as, Zhmerenetsky pointed to one of many benefits of the EU-wide blockchain partnership, stressing that Ukraine’s accession to the EBP would scale back the popularity of Ukrainian paperwork for increased schooling and driver’s licenses for Ukrainian refugees in Europe.

Associated: Commissioner reiterates want for ‘regulating all crypto property’

Mairead McGuinness, Commissioner for Monetary Companies, Monetary Stability and Capital Markets Union on the European Fee, not too long ago pressured the necessity to “regulate all crypto property – no matter whether or not they’re unsecured crypto property or so-called stablecoins”.

The EU Commissioner additionally introduced plans to debate a proposal with the French authorities on Markets in Crypto Belongings (MiCA):

“The MiCA guidelines would be the proper device to handle considerations about shopper safety, market integrity and monetary stability. That is one thing that’s so pressing given latest developments.”