The Ukrainian government aims to facilitate the creation of a digital asset ecosystem, including a framework for a central bank digital currency (CBDC). The National Bank of Ukraine has been researching CBDCs since 2017 and the country is reportedly integrating best practices from Switzerland, the United Kingdom, Malta, Liechtenstein and the United States. In order to spur the country’s development of digital asset infrastructure, Ukraine’s Ministry of Digital Transformation has entered into a memorandum of understanding with the Stellar Development Foundation. The agreement outlines Ukraine’s strategy for projects specialising in digital assets, including stablecoin circulation and developing a CBDC. The main role of the Stellar is to enable quality decision-making regarding development of the virtual assets ecosystem in Ukraine.
