bitcoin

Ukraine Central Bank gets approval to issue CBDC

The National Bank of Ukraine (NBU) has gotten the presidential approval to launch a Central Bank Digital Currency according to reports from tier-one cryptocurrency news sources.

This was confirmed after President Volodymyr Zelenskyy signed the “Payment Services” bill into law.

The bill will upgrade the current payment services market and usher in a much-needed transformation to the country’s financial sector.

The National Bank of Ukraine is expected to issue the CBDC and create a regulatory “sandbox” that will feature testing services, technologies, tools in the payment market.

Ukraine has adopted the European Union legal framework to support the smooth sail of the plan.

NEXT: Mastercard CEO Michael Miebach says the firm must enter Crypto Space

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

Check Also

bitcoin

Ripple v SEC lawsuit is going much better than expected, new claims by Coinbase CEO

Coinbase CEO Brian Armstrong has claimed that the Ripple v SEC lawsuit is going much …

Leave a Reply

Your email address will not be published. Required fields are marked *