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Ukraine Will Promote Its CBDC Pilot by Paying Employees in Digital Hryvnia

Once the digital hryvnia is ready for testing, the Ukrainian government wants to pay the state’s employees with it, according to Minister Mykhailo Fedorov.

“We have it on the table as one of the first pilots, the payment of salaries to employees of the Ministry of Digital Transformation in electronic hryvnia.”

He also declared recently that “Ukrainians rank first in the world” when it comes to adaptability to virtual assets.

According to Chainalysis’ 2021 Global Crypto Adoption Index report, Ukraine ranked 6th when it comes to on-chain retail value received.

The country has increased P2P exchange trade volumes as well, ranking at number 40, ahead of countries like India, China, or the US.

Fedorov also added that: “We are studying the experience of other countries that have launched pilots or are trying to introduce similar electronic currencies.”

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