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Ukraine seems like the perfect playground for CBDCs and a social credit score right now.
All the refugees fleeing to EU without many possessions will need some way to survive: hand them a stimmy! But how to do it while they are on the road? An app that is also connected to their ID! Also, make it so that the funds can only be spent for food and shelter, not for booze and smokes, right? Perfect, you have created a social credit score system. From there on, the devil is just in the details.
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The market will be regulated by Ukraine's National Commission on Securities and the Stock Market. Exchanges will be able to operate legally, and banks will open accounts for them, the digital ministry said in a tweet.
The bill passed through parliament on Feb. 17 after Zelensky rejected an earlier version approved in September 2021.
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Ukraine has legalized the crypto sector — @ZelenskyyUa signed a law. From now on foreign and Ukrainian cryptocurrencies exchanges will operate legally and banks will open accounts for crypto companies. It is an important step towards the development of the VA market in Ukraine.
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