KYIV, Ukraine–Ukraine intends to launch its own central bank-run cryptocurrency in 2024, according to the director of the country’s Digital Economy Directorate .
However, Yulia Parkhomenko told the Verdict that it all depends on the outcome of the conflict with Russia.
“Because of the war we didn’t start our pilot project, but when we hope to start a couple of them at the beginning of the next year,” she said, according to the Verdict.
Ukraine said it is currently collaborating with etherum scaling platform Polygon and decentralized open-source digital currency protocol Stellar to create its own central bank digital currency.
Speaking at the tech business event GITEX in Dubai, Parkhomenko said that for now, the Digital Economy Directorate is working on smaller ministry projects, the Verdict reported.
2024 is Target
Parkhomenko added that the hope is that the National Bank of Ukraine will be soon able to roll out the platform fully across the nation.
“I think it will be in 2024,” Parkhomenko told the Verdict.