In 2018, the Central Bank of Ukraine began testing the digital hryvnia, the country's national cryptocurrency.
RepresentativesBanks shared the pilot's results in a recently released report. According to the report, CBDCs perform best when used by both the public and private sectors.
If the national digital currency is fully launched, the electronic hryvnia will be available not only to banks and government agencies, but to all citizens of the country.
E-hryvnia was released on a private versionthe Stellar blockchain, in which the central bank acted as the sole issuer. The head of the innovation projects department of the National Bank told The Block:
The CBDC ecosystem should include members fromprivate sector, which would create options for interaction between the Central Bank and consumers. Then it will become an effective tool for competition and development.
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Based on materialswww.theblockcrypto.com
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