Ukraine has been granted observer status in the European Blockchain Partnership (EBP). Officials in Kyiv hope the move will ease the Ukrainian government’s implementation of blockchain technologies and lead to the adoption of more efficient crypto regulations.

Ukraine is nearing membership in the European blockchain partnership

Ukraine has been admitted as an observer to the European Blockchain Partnership (EBP), an initiative to develop an EU blockchain strategy and build blockchain infrastructure for public services. Observer status is a step toward full membership that Ukrainian officials and members of the crypto community have been campaigning for.

The push for the country to join the EBP was initiated by Oleksii Zhmerenetskyi, the chairman of the Intergroup Association of Ukrainian Legislators Blockchain4Ukraine, and Konstantin Yarmolenko, the chairman of the NGO Virtual Assets of Ukraine.

In March of this year, they sent letters to European Commission President Ursula von der Leyen and other EU officials urging the establishment of a common European blockchain infrastructure based on the EBP.

In response to their call, the head of the executive body in Brussels, as an observer, confirmed Ukraine’s accession prospects. This makes the country the third non-EU country to take part in the initiative, alongside Norway and Liechtenstein.

“The integration of Ukraine into the European Blockchain Partnership will strengthen joint work on the introduction of blockchain technology in state registries and services,” Deputy Minister of Digital Transformation of Ukraine Alexander Bornyakov was quoted as saying by his department.

Bornyakov, who represents the Eastern European nation in the EBP, recently attended an online meeting of all members. He added that accession will also promote “a highly efficient regulatory environment, including for the virtual asset market” in the country.

According to Blockchain4Ukraine head Zhmerenetskyi, by joining the blockchain partnership, Ukraine will be in a better position to push for the recognition of their university degrees and the driver’s licenses of millions of Ukrainian refugees in Europe.

tags in this story

Joining, Blockchain, Blockchain Partnership, Blockchain Technology, Crypto, Cryptocurrencies, Cryptocurrency, EBP, EU, Europe, European, Integration, Membership, Observer, Ukraine, Ukrainian

In what other ways do you think Ukraine can benefit from joining the European Blockchain Partnership? Tell us in the comment section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchen’s quote: “Being a writer is what I am, not what I do.” Along with crypto, blockchain and fintech, international politics and business are two other sources of inspiration.

photo credit: Shutterstock, Pixabay, WikiCommons

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