Ukraine's Ministry of Digital Transformation signed a memorandum with the Stellar Development Foundation to cooperate on digital asset initiatives, including supporting the central bank's CBDC efforts and developing a virtual assets strategy for the country.
Ukraine's Ministry of Digital Transformation has signed a memorandum of understanding with the Stellar Development Foundation to collaborate on digital asset-related projects. The partnership will focus on assisting Ukraine's central bank with its digital currency infrastructure and developing a comprehensive strategy for virtual assets in the country. The SDF will help build infrastructure for a modern virtual asset market and enhance Ukraine's position as an innovative digital economy in Eastern Europe's financial sector. Deputy Minister Oleksandr Bornyakov stated the cooperation will support the development of Ukraine's virtual asset industry and its integration into the global financial ecosystem. The initiative aims to create a legal environment for virtual assets while leveraging Stellar's blockchain technology.