The National Bank of Ukraine (NBU) has shared details about its plans. According to the regulator, a pilot project is scheduled for 2025. However, several factors could impact the timeline for testing the e-hryvnia, which will be Ukraine's first CBDC (central bank digital currency).
Firstly, the central bank must assess the readiness of financial market participants to engage in the pilot and identify a partner that will provide the technological solution for testing the e-hryvnia, ensuring it meets the NBU's requirements and the asset's architecture. Additionally, the necessary infrastructure must be established.