Virtual Assets of Ukraine (VAU) and Blockchain4Ukraine, a group of pro-crypto Ukrainian politicians, have released a plan to increase awareness of and use of Web3.
Virtual Assets of Ukraine (VAU) and Blockchain4Ukraine, a group of pro-crypto Ukrainian politicians, have released a plan to increase awareness of and use of Web3.
As reported by local press, the writers finalized the manuscript on November 14.
The proposed measures to promote Web3 include the introduction of a regulatory sandbox for blockchain and Web3 projects, the establishment of a national blockchain-backed land and real estate registry, the formulation of a “blockchain plan” to rebuild the country following the war, and Ukraine’s incorporation into the European blockchain community.
Further, VAU and Blockchain4Ukraine intend to work together on a pilot project for independent identification and explore opportunities for implementing blockchain technology in Ukraine’s healthcare and educational systems.
Potential partners for the road map include commercial and scientific communities, as well as NGOs and the government.
Working on the road map, a group will create a set of legislative ideas.
The sale of Non-Traditional Assets (NTAs) will help the Ukrainian Art Museum protect priceless works of art and historical artifacts.
Ukraine joined the European Blockchain Partnership in June, making it the third non-EU country to do so. This initiative was formed by the 27 member states of the EU to provide cross-border public services. Then, VAU CEO Konstantin Ermolenko made public the university’s plans to run a test-node of the European Blockchain Services Infrastructure and pilot use cases of blockchain-based cross-border public services.
In March 2022, Ukrainian President Volodymyr Zelensky signed “On Virtual Assets,” the nation’s first significant cryptocurrency-related legislation.
As a result of this legislation, the National Bank of Ukraine and the National Securities and Stock Market Commission of Ukraine will play prominent roles in overseeing the Ukrainian cryptocurrency market.
The Crypto Fund of Ukraine has managed to raise about $100 million in bitcoin donations since the beginning of the Russian invasion in February of 2022.
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