The non-profit Stellar Development Foundation (SDF), behind the Stellar blockchain, has joined the Association of Ukrainian Banks.
SDF is honored to join the Association of Ukrainian Banks, which promotes the development of the national banking system and financial services. We’re excited to collaborate and deliver on the promise of blockchain technology for Ukraine.https://t.co/nYT3pNqFrp
— Stellar (@StellarOrg) June 30, 2021
SDF will act as an independent adviser to the Association on the development of Ukraine’s digital economy and the adoption of blockchain technology.
The Association of Ukrainian Banks, founded in 1990, works to develop the national banking system. It currently comprises more than 45 members.
In late 2020, Ukraine signed a memorandum with Stellar Development Foundation on cooperation to develop a strategy for virtual assets.
On 30 June, the Verkhovna Rada approved in the second reading and in full the Law “On Payment Services,” which also regulates the general principles for issuing central bank digital currencies (CBDC).
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