Ukraine became an observer at the European Blockchain Partnership

Ukraine is the third non-EU country to join EBP, aiming to gain full membership and further integrate its digital economy with the European Union.

The Ministry of Digital Transformation announced on Friday that Ukraine will become the third country outside of the European Union, besides Norway and Liechtenstein, to join European Blockchain Partnership. EBP is an initiative to develop an EU strategy on blockchain and build a blockchain infrastructure for public use. Officials in Kyiv believe that their participation in the partnership will aid the country’s post-war recovery by facilitating the provision of cross-border services.

“Ukraine’s integration into the European Blockchain Partnership will strengthen joint work on introducing blockchain technology in government registries and services. It will also contribute to creating a highly effective regulatory framework for the digital asset market,” said Ukraine’s deputy minister of digital transformation Alexander Bornyakov in an official statement.

Ukraine filed an application to join EBP back in July 2021, when Oleksii Zhmerenetskyi, head of the parliamentary group Blockchain4Ukraine, and Konstantin Yarmolenko, CEO of the NGO Virtual Assets of Ukraine, sent a formal request to Ursula von der Leyen, the president of the European Commission.

Oleksii Zhmerenetskyi also emphasized that the country’s accession to the EBP will be beneficial for the recognition of the higher education diplomas and driver's licenses of millions of Ukrainian refugees in the European Union.