Ukraine Passes Law Treating Its CBDC Same As Cash
The CBDC is yet to be launched and is currently in the research and development phase, but the law indicates that the country’s officials are very keen on digitizing their economy.
The changes under the “On Payment Services” law only briefly mentions the CBDC, but it does pave the way for adoption to take place once the digital currency is officially released.
Ukraine is far from the only European nation — or any nation for that matter — working on a CBDC. France, Sweden, and the European Union itself are all working on CBDCs, with some pilot efforts already having taken place.
