The National Bank of Ukraine has been authorised to issue a digital currency.
The Ukrainian President, Volodymyr Zelenskyy, signed off on a law called On Payment Services. The law will allow the NBU to issue a CBDC in the form of the digital hryvnia. In line with the legislation, the bank will need to cooperate closely with private startups in the payment market.
On top of a CBDC, On Payments Services could pave the way to open banking in Ukraine, where access to financial information is shared through third-party applications. This could encourage the creation of fintech companies, as well as their collaboration with banks.
https://t.me/Cash_Blockchain_News
