“Donetsk People’s Republic”, the pro-Russian breakaway region of Eastern Ukraine, could integrate blockchain-based payment solutions. At least, this was something DAO “Donbass” represented by “Bitcoin Donbass” and the ministries of the self-proclaimed republic discussed on Wednesday, September 14, as part of the task force set up earlier this year.
According to the press release, the discussion touched upon such issues as lack of international and domestic payment options for legal entities and individuals in the region, as well as ways of implementing cryptocurrency settlement systems.
The task force has also studied the possible use of traditional Bitcoin wallets linked to an individual or legal entity. Additionally, a hybrid scheme that includes a development of a local cryptocurrency for domestic cashless transactions and use of Bitcoin as means of cross-border payments has been proposed.