Tascombank, one of the oldest banking institutions in Ukraine, has completed the pilot testing of a digital currency based on the Stellar network. The bank believes that its electronic money platform represents an economically viable implementation of blockchain technology. Tascombank Conducts Tests With New Ukrainian Digital Currency An “electronic hryvnia” has been tested by Ukraine’s Tascombank during the pilot phase of a project to create a currency with the Stellar network. During the trials, the coin was used in settlements between buyers and sellers, the financial institution announced in a report . Operations with the new digital asset were carried out in accordance with the current know-your-customer and anti-money laundering procedures, the bank pointed out in the document, quoted by the crypto news outlet Forklog. Tascombank also emphasized its research demonstrated a number of advantages of employing blockchain, including transparency at all stages of circulation and b
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