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Russia's Finance Ministry Pays Staff in Digital Ruble for First Time
Original: MILESTONE | The Russian Finance Ministry Pays Employees in Ruble CBDC for First Time
Russia's Finance Ministry has paid some of its employees' salaries in the digital ruble, the country's central bank digital currency, for the first time. The move marks a milestone in Moscow's rollout of the ruble CBDC, signalling that government bodies are beginning to use the digital currency for real payroll transactions rather than pilots only.
Why now: It is a landmark step in Russia's adoption of a central bank digital currency, with implications for payments and sanctions-era finance.
Russian Finance Ministrydigital rubleCentral Bank of Russia
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