The pilot would be conducted at the Ministry of Digital Transformation and comes just three weeks after the Ukrainian president signed into law a bill that allows the central bank to issue a digital currency.
The pilot is to take part over two stages, with the initial basic testing phase set to conclude by December 2021, while the second phase is set to take place over the period to June 2022.
Subsidiaries of Naver and Kakao are reported to have submitted proposals to run the 10-month blockchain pilot program, which will aim to test the feasibility of a central bank digital currency in a simulation.
The Ghanaian central bank is in advanced stages in its development of a central bank digital currency, with a pilot set to start in September.
The move is being seen as a widening of the scope of trials of the digital currency, following successful regional pilots across the country.
