Ukraine’s President Signs Law Allowing Central Bank to Issue a CBDC
Ukrainian President Volodymyr Zelensky signed into a law a bill called On Payment Services that allows the country’s central bank to issue a central bank digital currency (CBDC), an announcement on the president’s official website said.
- The bill regulates how payment services, especially digital ones, can be provided in Ukraine.
- In particular, the bill says the National Bank of Ukraine, the country’s central bank, can issue its own digital currency and create a testing environment for fintech startups.
- On June 30, the bill was passed in Ukraine’s national parliament, the Verkhovna Rada.
- The National Bank of Ukraine (NBU) has been looking into potentially launching a CBDC since 2018. It built an early prototype on the Stellar blockchain and published a report on the subject in 2019.
- Fed’s Brainard Says US Can’t Not Have a CBDC in a World in Which Others Have Them
- Who in Crypto Met With Brian Brooks When He Ran OCC? Here’s His Calendar
- FTX Cuts Leverage Limit to 20x From 100x as Criticism of Margin Trading in Crypto Grows
- Washington Should Let DeFi Succeed
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.