Despite the fact that today, in Ukraine, as in many other countries, there is no system for regulating cryptoindustry and blockchain, the country is actively working to create two digital assets at once.
In 2016, the National Bank of the country launched a research project that studies the prospects for creating an electronic hryvnia. In turn since last summer, Kuna crypto-exchange has been actively engaged in the development of steyblcoin, which is called cryptogrivna.
According to the NBU representatives, the e-hryvnia will help greatly optimize the process of transferring money, minimize associated costs and carry out instant operations. This year, the NBU clarified that the new cryptocurrency will be used as a regular payment token. In this case, the blockchain will protect it from fraudulent attacks.
Currently, the National Bank of Ukraine is completing a pilot test of a new cryptocurrency. This month the test should be finished.
The idea of cryptogrivna belongs to the founder of the Ukrainian cryptocurrency exchange Kuna Mikhail Chobanyan. The goal of the project is to create an electronic currency understandable for everyone. According to the founders, it should be the first Ukrainian steyblcoin. This will significantly reduce the risk of its volatility. The token will work on the Ethereum platform.
Recall: with regard to legislation regarding cryptocurrency in Russia, the adoption of the document is again postponed. Moreover, the draft law “On digital financial assets” can be returned to the first reading stage.