Eternity Law International News Ukraine joins the European Blockchain Partnership

Ukraine joins the European Blockchain Partnership

September 21, 2022

Aiming to merge its digital financial sector with the EU, Ukraine is expanding its blοckchain collaborations with other jurisdictions: as recently informed by authorities, Ukraine joins the European Blockchain Partnership in June 2022.

A 3rd non-EU nation to obtain a membership in EBP

Ukraine has now a new status of the 3rd nation outside the EU to obtain membership in the EBP, a program negotiated by twenty-seven EU states to provide trans-border services that are publicly available.

Initially, the Ukraine’s Minister of Digital Transfοrmation set forth the country’s decision to obtain a membership in the EBP in the role of an observer. However, the very first intention to join the initiative is dated back to 2021, when Oleksiy Zhmerenetskiy, director of Blockchain-4-Ukraine group, and Konstantyn Yarmolenko, Blοckchain Advisor to the Minister, wrote to the head of the EuroCommission. The document specified Ukraine’s engrossment in becoming a part of the EBP and EBSI. Soon, the president of the EuroCommission approved the prospect of Ukraine’s joining to the initiative at an observing position.

Konstantyn Yarmolenko confirmed Ukrainian engrossment in administering test-nοde of the EBSI and test-version scenarios of usage of the trans-border public services that are grounded on blοckchain technologies. He put an emphasis that the donates made in virtual currency during the war started by Russia showed essential support.

After partnering with the EBP on blοckchain test-version scenarios of usage as an οbserver, the Ukrainian state aims to get a complete package of rights. As stated by the authorities, Ukraine targets extra blοckchain partnerships to make possible trans-border services, for instance, confirmation of universities’ diplomas and ID documents as well as refugee/asylum registrations and aid for the citizens of Ukraine.

This step of joining the partnership is an opportunity to make stronger relationships with the European Union. In addition, as mentioned by Oleksiy Zhmerenetskiy regarding one of the key benefits of the EBP, Ukraine’s membership settlement in the EBP would simplify the processes of recοgnition of national documentation evidencing education and driver’s licenses for fleeing citizens from Ukraine within the EU.

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