The Prime Minister of Ukraine was offered a plan for blockchain integration with the EU

The Public Union “Virtual Assets of Ukraine” has sent a roadmap for blockchain integration with the European Union to Prime Minister of Ukraine Denis Shmyhal. A copy of the appeal is at the disposal of the Hodlmonks editorial staff.

The authors of the initiative propose to develop a set of measures to stimulate and support the implementation of blockchain technology in public administration and other areas of Ukraine.

In the letter, they refer to the European Blockchain Partnership, created in April 2018 , which has been supported by 30 countries to date. The project provides for the creation of common EU applications using distributed ledger technology for the public and private sectors. These include notary services, diplomas, sovereign identity, and secure data exchange between customs and tax authorities.

“We are ready to develop a similar strategy and submit it for consideration by the end of March 2021,” reads a letter addressed to the Prime Minister.

Also, “Virtual Assets of Ukraine” advocate the creation of the “Ukrainian Blockchain Observatory”, which will study the implementation of DLT technology, and the “Ukrainian Blockchain Forum” for conducting specialized events. As conceived by the authors of the initiative, the new structures will eventually enter the European infrastructure of blockchain services.

“This integration within the framework of the Digital Single Market mechanism will lead in the long term to the creation of a common European blockchain between Ukraine and the EU,” said Konstantin Yarmolenko, General Director of Virtual Assets of Ukraine.

They offer to finance the project at the expense of private Ukrainian and Western venture funds.

Recall that the Public Union “Virtual Assets of Ukraine” was created at the end of November 2020 in Kiev. It includes the public organization Blockchain4Ukraine, the law firms Arzinger and Juscutum, as well as the Binance exchange.

In January 2021, the organization took the initiative to implement asset tokenization at the state level. The members of the union set out their proposals in a letter addressed to the President, Prime Minister and Minister of Digital Transformation of Ukraine.

On December 2, 2020, the Verkhovna Rada of Ukraine in the first reading adopted the draft law “On virtual assets” , which regulates operations with cryptocurrency in the country, as a basis .

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