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Home News Ukraine Signals Blockchain Government - But Bans Bitcoin?

Ukraine Signals Blockchain Government – But Bans Bitcoin?

According to an article in Cointelegraph the Ukrainian government is going to create a blockchain-powered auction system and then study ways to integrate blockchain technology for various public services such as personal identification, public records, banking, etc.

Bitcoin Foundation Ukraine and KUNA Bitcoin Agency are expected to announce a Ukrainian blockchain project to set up an E-Governance system in Odessa, Ukraine.

The corresponding memorandum was already signed by the First Deputy Head of Kyiv Regional State Administration Lev Partskhaladze, said KUNA founder, Michael Chobanyan to CoinTelegraph. Now Odessa Oblast may become the first administrative center to adopt blockchain technology for governance. Though it has not yet been confirmed just exactly which “blockchain” will be implemented.

As the first step in the project, Bitcoin Foundation Ukraine will hold a government real estate auction on the blockchain. It will ensure fair, transparent auction and eliminate the chance of document forgery. This blockchain-powered auction system is currently in the pilot stage.

According to the signed memorandum, the local IT-community will help develop the project in Odessa. They will study ways to integrate blockchain technology for various public services such as personal identification, public records, banking, etc.

The official announcement will be aired on Ukrainian TV, which can be seen later here.

However the Ukrainian government has taken a bitter pill on bitcoin – just recently, on November 3, 2015,  Ukrainian cybercrime police raided the home of the founder of Bitcoin Foundation Ukraine, Michael Chobanyan.

“The police raided by apartment looking for the bitcoins and proof that I somehow engage with bitcoin. This was quite obvious, I never made it a secret, I am a very public man and I spend a lot of time promoting bitcoin in Ukraine… I had already provided the authorities with the evidence they needed; in May 2015 I went to the local prosecutor, I gave them all the evidence about me and what I do to show that it is not illegal… The National Bank of Ukraine said that they were looking closely at the subject and that bitcoin is not illegal; in this country whatever is not illegal is legal.”

And according to Ukraine’s  National Commission for State Regulation cryptocurrency is illegal:

The National Commission for State Regulation of Financial Services Markets informs market participants information on the prohibition of the use and dissemination of “virtual currency / cryptocurrency (Bitcoint, Litecoint, Ripple, OneCoint etc.) In Ukraine.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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