The Verkhovna Rada of Ukraine is recommended to adopt draft law No. 3637, which implies the launch in the country of a digital national currency called “electronic hryvnia”.

The law proposes to add a new section on virtual assets to the Civil Code, as well as replace the term “circulation of virtual assets” with “circulation of virtual assets”. 493 amendments were received by the second reading of the draft, of which 189 amendments were taken into account in part and editorially. Representatives of the Ministry of Digital Transformation and the National Bank took part in finalizing the document.

Ukraine wants to introduce electronic hryvnia

Based on the results of its consideration, the committee recommends that the Verkhovna Rada adopt the bill on virtual assets (No. 3637) in the second reading and as a whole.

Committee on Digital Transformation

Banks were recently listed that will take part in testing the digital ruble system. The list includes VTB, Sberbank, Dom.RF Bank, Alfa-Bank, Tinkoff Bank, Promsvyazbank, Gazprombank Ak Bars, SKB-Bank, Rosbank, Bank Soyuz and TKB Bank. The prototype of the digital ruble platform should be ready by December, and testing will start in January 2022.

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