May 3, 2024

Ministry of Ukraine treats employee benefits at CBDC

Deputy Prime Minister of Ukraine and head of the country's Ministry of Digital Transformation Mikhail Fedorov described the first possibleOption of using the future digital currency of the central bank of the country (CBDC).

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In a recent interview published by the Ukrainian information agency TSN, the minister shared his thoughts on the test of the CBDC during the production of

"Honestly, as one of the first pilots in the course of the day, it is worth paying the salaries to employees of the Ministry of Digital Power Supply"

According to Fedopov, the need to test the CBDC is associated with avoiding unnecessary use.

The central bank of Ukraine received a permit for the issuance of a digital currency, which was the reason for the acceptance of the legal host of the new law.

The National Bank of Ukraine also works overcreation and issuance of digital currency. The Ministry of Digital Transformation will take part in this process in partnership with the Stellar Development Foundation, developing a joint strategy for CBDC and digital assets as a whole.

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