September 29, 2020

Ukraine presented the project “State in the smartphone”

Ukraine presented the project "State in the smartphone"

The President’s Office held a presentation of the digital state brand, announcing the legalization cryptocurrencies and synchronization of the digital infrastructure of Ukraine with the global digital infrastructure.

The presentation took place on September 27 in Zaporozhye atInternational IT Forum 2019 with the participation of Verkhovna Rada Chairman Dmitry Razumkov, Minister of Digital Transformation Mikhail Fedorov, Minister of Finance Oksana Markarova and representatives of the IT sector.

Presenting a new concept, Mikhail Fedorovemphasized the importance of cooperation between the state and private business in the field of digitalization. Noting that compliance with modern trends in business, state and municipal government is impossible without the development of blockchain technology and cryptocurrencies.

One of the initial tasks notedMinister, this is the creation of a regulatory framework that will legalize cryptocurrency transactions in the country and receive state revenue from cryptocurrency trading.

In addition, to integrate the country into EuropeanThe digital market is planning to launch PayPal, ETSY and Stripe payment systems. This will synchronize the digital infrastructure of Ukraine with the world. It will also help to implement the “Electronic Residency” project - the opportunity for foreign businessmen to conduct business on a global level without coming to the country.

The new team plans to increase IT's share ingross domestic product (GDP) of the country up to 10% and create infrastructure for simple and convenient business in Ukraine and integration into the global digital market.