During an interview with reporters at the World Economic Forum, Mikhailo Fedorov, Ukraine’s Deputy Prime Minister, stated his desire to be the first person to receive a salary in the country’s new central bank digital currency (CBDC), e-hryvnia.
CBDC coming to Ukraine
Fedorov, who is also Ukraine’s minister for digital transformation is pushing the adoption of digital assets, especially CBDCs. These digital currencies are already being tested in several countries like China, Turkey, or UK.
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Now, Ukraine is likely to join in the “CBDC revolution” with digital hryvnia. New laws should make Ukraine the world’s leading jurisdiction for digital assets, claimed Fedorov. No wonder why the country wants the adoption as crypto was very useful at the beginning of the war.
“Two weeks ago, I saw a pilot of the electronic e-hryvnia in Ukraine. I plan on becoming the first test user of the electronic hryvnia and I plan to receive my salary in e-hryvnia,” Fedorov explained.
There were several fundraising campaigns for the country worth over 100 million dollars in total, especially in crypto. Even the European Central Bank (ECB) confirmed the arrival of CBDCs, so no country wants to be behindhand.
The virtual assets legislation has been already signed into law last year in Ukraine, according to CoinDesk. This happened a few weeks after Russia attacked Ukraine.
Bottom line
Ukraine is joining the forces with the adoption of digital assets, which are becoming more important than ever. Although there is a significant difference between CBDCs and crypto, the country is welcoming both.
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