The Ukrainian Central Bank Is Expanding Its Blockchain Team
The National Bank of Ukraine is expanding the team working to move the country's national currency, the hyrvnia, to a blockchain. Revealed in an email to CoinDesk, the number of people added and who they are is being kept private for now, but the expansion shows a level of intent that hasn't been seen at many other central banks. "Today, we've reinforced our team with world-class professionals and are optimistic that the project will get a boost in upcoming months," wrote Yakiv Smolii, acting governor of the central bank. While the details of the team were not made public, CoinDesk last week reported that Ukraine-based Distributed Lab is helping with the build. Distributed Lab's founder, Pavel Kravchenko, confirmed that the startup is at least partly "responsible for [the] architecture, blockchain research and development and security analysis" of the institution's initiative. Central banks across the globe have been discussing ...