Ukraine: National Bank Publishes Report on E-Hryvnia Pilot Project

On June 4, 2019, the National Bank of Ukraine (NBU) published the results of a pilot project studying the possibility of issuing its own digital currency — "e-hryvnia".

This project was initiated following the experiences of other countries to study central bank digital currency (CBDC). According to the report, the formation and underlying technology of a CBDC vary according to specific needs, but it is considered to be a new evolutionary form of money.

The NBU’s report outlines the following findings:

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