The head of the Payment Systems Department at the National Bank of Ukraine Natalia Lapko has said that the regulator is carefully watching the intensive growth of digital currencies and does not rule out the possibility of integrating bitcoin into the Ukrainian financial system.

According to Ms Lapko, the National Bank has established close relations with the country's bitcoin community and is now assessing bitcoin-related experiences of regulators from all over the world to formulate relevant standards and keep up to date with the latest developments. She believes that implementation of the technology can be greatly beneficial for common citizens as they will get an opportunity to transact with more convenience and at lower costs.

Ukraine is one of the leading Eastern European countries in terms of bitcoin usage. Several bitcoin and blockchain events have been held in the country this year, with governmental officials taking part in them, and the Blockchain Incredible Party conference is coming soon.

Maria Rudina