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Russia's Finance Ministry Pays Salaries in Digital Rubles for First Time
Original: Russia Finance Ministry Makes First Salary Payments in Digital Rubles, Amount Undisclosed
Russia's Finance Ministry has made its first salary payments in digital rubles, the country's central bank digital currency, though the amount distributed was not disclosed. The move marks a step in Moscow's push toward adopting a state-issued digital currency for government payments, following pilot programs of the digital ruble with banks and selected users.
Why now: It is the first confirmed real-world use of the digital ruble for government salary payments, a milestone in Russia's CBDC rollout.
RussiaRussian Finance Ministrydigital rubleCentral Bank of Russia
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- Russia Finance Ministry Makes First Salary Payments in Digital Rubles, Amount Undisclosed · bloomingbit
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