Over 20,000 Ukrainians Sign Up for Free Course on Crypto, Official Says

Crypto classes organized for Ukrainians have begun on a government-run portal, a minister announced. More than 20,000 people have registered for the educational course in the war-torn country which maintains an objective to become “the best crypto jurisdiction.”

Ukraine’s ‘Дія. Цифрова освіта’ (Diia Digital Education) portal has started the first classes of a course intended to improve the “crypto literacy” of Ukrainian citizens, the country’s Minister of Digital Transformation Mykhailo Fedorov announced.

Quoted by the crypto news outlet Forklog, the government official emphasized that the course may become “the largest in the history of the development of virtual assets in Ukraine.” Over 20,000 applicants have already signed up, he added.

The educational program, which is completely free of charge for the participants, will comprise 100 hours of theory and practice during which they will learn about the history of money and the development of Bitcoin.

Other subjects include Ethereum and smart contracts, mining and consensus algorithms, cold and hot wallets as well as opportunities and risks of cryptocurrency trading, the report detailed.

The initiative stems from a partnership between the Digital Ministry, Ukraine-rooted crypto exchange Whitebit, the Filecoin Foundation, and Atlantis World, a social metaverse platform. It was announced in December when Fedorov tweeted that the “goal is to make Ukrainians crypto advanced nation.”

Ukraine’s parliament, the Verkhovna Rada, passed a law “On Virtual Assets” in mid-February, last year. Despite Russia’s invasion, which started at the end of that month, the government has continued its efforts to regulate and develop the crypto market.

Speaking to journalists during the World Economic Forum in Davos in January, Fedorov confirmed Kyiv’s “very ambitious plan” to make Ukraine “the most digitalized country” in the next two years and “the best crypto jurisdiction in the world.” Ukraine is already a regional leader in terms of crypto adoption.

The attacked nation has been also relying on donations in a number of coins to collect funds for its defense and relief efforts. Recent reports by blockchain analytics firms Elliptic and Chainalysis revealed that during the war the country has raised over $212 million in crypto, nearly $70 million of which in wallets provided by its government.

Do you think the educational course for Ukrainians will help to increase crypto adoption even more? Tell us in the comments section below.