Ukraine passed a law allowing the Central Bank to launch a digital hryvnia

The Ukrainian government has taken a step forward towards central bank digital currencies (CBDC) – now NationalBank of Ukraine (NBU) is officially authorized to issue digital currency.

Ukrainian President Volodymyr Zelenskyy signed the Law on Payment Services allowing the country's central bank to issue digital hryvnia.

The new law allows the NBU to create regulatorySandboxes for testing payment services and tools based on new technologies. The new law involves close cooperation between the Ukrainian central bank and local payment startups, taking into account the demand from the private sector.

Approved by the Ukrainian parliament at the end of JuneThe Law on Payment Services aims to implement open banking, the practice of sharing access to and control over consumer financial information through third-party applications.

The law is expected to stimulate the development of financial technology in the country, which will allow private fintech companies to establish cooperation with banks and gain more business opportunities.

The newly signed law is also calledto adapt Ukrainian legislation to the legal framework of the European Union, which will allow integrating the country's payment system with the EU payment system. The new regulations take into account the standards of European regulations, including the Payment Services Directive 2 and the Electronic Money Directive.

NBU closely followed the release of digitalcurrency over the past years, highlighting the potential of the CBDC to build public confidence in the central bank and its financial services. However, the bank remains largely concerned about the potential risks associated with the impact of CBDCs on financial stability and the traditional banking system.

Earlier, the Ministry of Digital Transformation of Ukraine entered into an agreement with the Stellar Development Foundation to jointly develop a strategy for digital assets and CBDC infrastructure.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

</p>

Rate this publication