Third non-EU country, Ukraine, joins the European Blockchain Partnership

Third non-EU country, Ukraine, joins the European Blockchain Partnership

After Liechtenstein and Norway, Ukraine was the third country to join the European Blockchain Partnership. This initiative, which 27 member countries developed to provide cross-border public service delivery, is now the third outside of the European Union.

On June 17, the Ministry of Digital Transformation of Ukraine declared that Ukraine would be joining the EBP as an observer. Ukraine is aiming to integrate its digital economy with the EU and expand its interstate partnership in blockchain technology with other countries.

The intention of Ukraine to join the EBP dates back as far as July 2021 when Oleksii Zhmerenetskyi (head of Blockchain4Ukraine’s Parliamentary group) and Konstantin Yarmolenko (founder and CEO of Virtual Assets of Ukraine), wrote a letter addressed to Ursula von der Leyen. The letter stated Ukraine’s interest to join the EBP as well as the European Blockchain Services Infrastructure. Von der Leyen confirmed that Ukraine was likely to become an observer in the EBP.

Yarmolenko spoke to Cointelegraph and expressed Ukraine’s interest for a test-node at the EBSI as well as pilot use cases of cross-border public service based on blockchain technology. He stated that cryptocurrency donations made during the Russia-Ukraine conflict “proved to be important support” and added:

“Next step: full blockchain integration of Ukraine with EU based upon EBP/EBSI initiatives.”

Ukraine is seeking full membership after working as an observer with the EBP in blockchain pilot use cases. Yarmolenko also revealed that Ukraine plans to establish additional blockchain partnerships in order to provide citizens of Ukraine cross-border public services, including identity verification and refugee/asylum registration as well as support and verification of educational credentials/diplomas.

Yarmolenko shared details about the partnership and stated that it was a way to strengthen ties to the EU. He also added that “I’d even consider it blockchain integration with EU.”

Zhmerenetsky also highlighted one advantage of the EU-wide Blockchain Partnership. He said that Ukraine’s accession would decrease the recognition of Ukrainian documents for higher educational and driver’s licences for Ukrainian refugees living in Europe.

Related: EU Commissioner reiterates need to’regulate all crypto-assets’

Mairead McGuinness, European Commission Commissioner for Financial Services, Financial Stability and Capital Markets Union, highlighted recently the need to “Regulate all crypto-assets – whether they are unbacked crypto-assets, or so-called stabilizecoins.”

In addition, the EU commissioner indicated plans to meet with the French government via Markets in Crypto Assets.

“MiCA rules are the best tool to address concerns about consumer protection, market integrity, and financial stability. Given recent developments, this is an urgent matter.”

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