Mechanisms for Introducing Blockchain Technology in the Public Sector Developed in Ukraine
There are a lot of interesting events related to the development of the cryptocurrency industry in Ukraine lately. So, most recently, the parliamentary inter-factional association Blockchain4Ukraine signed a memorandum with the Ministry of Digital Transformation of Ukraine. This agreement is about the formation of a united position of the parties on the issue of determining the legal status of cryptocurrencies, their taxation, and turnover on the territory of the country. Also, this initiative involves the development of a concept for the implementation of distributed registry technology in the work of various government agencies. “In fact, this is formal legalization of the blockchain coalition of the legislative and executive authorities of Ukraine aimed at introducing this technology in our country,” Konstantin Yarmolenko, head of the advisory group of inter-factional association Blockchain4Ukraine and director of the public organization Blockchain4Ukraine said This memorandum takes effect from the moment of its signing. Recall that on December 6, 2019, the Verkhovna Rada of Ukraine adopted a bill on the prevention of money laundering in which digital currencies are interpreted as a means of payment.