✉news BusinessFinance first seen 4 d ago, last 3 d ago, peak #7
Russia's Finance Ministry pays wages in digital rubles for first time
Original: Russia’s Finance Ministry pays wages in digital rubles for first time
Russia's Finance Ministry has for the first time paid employee wages in digital rubles, the central bank's programmable digital currency. The move marks a milestone in Russia's push toward a state-backed digital currency, shifting part of official salary payments onto the new rails. Observers see it as a significant step in the rollout of the digital ruble and in state adoption of the technology.
Why now: It is a first-ever use of the digital ruble for government wage payments, a notable step in Russia's central bank digital currency rollout.
Russia's Finance Ministrydigital rubleBank of Russia
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