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President of Ukraine Volodymyr Zelenskyy signed the bill On Payment Services into law, an announcement on the president’s official website said.
- The bill regulates how payment services, especially digital ones, can be provided in Ukraine.
- In particular, the bill says that the country's central bank can issue its own digital currency, or a CBDC, and open a regulatory sandbox for innovative fintech startups.
- On June 30, the bill was passed in Ukraine's national parliament, the Verkhovna Rada.
- The National Bank of Ukraine (NBU) has been looking into potentially launching a CBDC since 2018, having built an early prototype on the Stellar blockchain and published a report on this in 2019.
