The National Bank of Ukraine, the country’s central bank, has been working on a pilot project to test the usefulness of a digital version of its currency, the Hryvnia. The bank announced today that it had completed the pilot and would be investigating further uses of the token.
e-Hryvnia Isn’t a Cryptocurrency
While noting that the country is “ahead of world leaders,” the bank’s payment systems director Alexander Yablunivsky clarified that the country has not launched a cryptocurrency. Cryptonaughts will appreciate that he was very cognizant of the fact that a cryptocurrency is not an instrument issued by a central bank. According to a translation of the original news report: