{"id":327026,"date":"2021-08-18T16:36:31","date_gmt":"2021-08-18T13:36:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ukrainian-ministry-considering-digital-currency-pilot-for-staff-salaries\/"},"modified":"2021-08-18T16:36:31","modified_gmt":"2021-08-18T13:36:31","slug":"ukrainian-ministry-considering-digital-currency-pilot-for-staff-salaries","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ukrainian-ministry-considering-digital-currency-pilot-for-staff-salaries\/","title":{"rendered":"# Ukrainian ministry considering digital currency pilot for staff salaries"},"content":{"rendered":"

“# Ukrainian ministry considering digital currency pilot for staff salaries <\/strong>”
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Mikhail Fedorov, Ukraine\u2019s Deputy Prime Minister and the head of the country\u2019s Ministry of Digital Transformation, has revealed a possible early use case for the nation\u2019s planned central bank digital currency (CBDC).<\/p>\n

In a recent interview published<\/a> by Ukrainian media<\/a> outlet TSN, the minister revealed considerations within the ministry to test out the CBDC by using the electronic currency in staff salary payments:<\/p>\n

\u201cFrankly as one of the first pilots, we have on the table the question of paying salaries to employees of the Ministry of Digital Transformation in electronic hryvnia.\u201d<\/p><\/blockquote>\n

Fedorov made these comments while arguing the case for the initial roll-out of the e-hryvnia to focus on a small, controlled use case rather than being deployed for social payments. According to Fedorov, there is the need to test the CBDC to prevent inapp<\/a>ropriate use hence, his call for staff salary payments as a viable pilot scheme for the national digital currency.<\/p>\n

As previously reported by Cointelegraph, Ukraine\u2019s central bank received authorization to issue a digital currency following the passage of a new payment services law by the country\u2019s legislature.<\/p>\n

The National Bank of Ukraine has been working on creating and issuing a digital currency over the last few years. The Ministry of Digital Transformation also has some significant involvement in the CBDC space having partnered with the Stellar Development Foundation to develop a joint strategy for CBDCs and digital assets in general<\/a>.<\/p>\n

Related: <\/em><\/strong>New bill in Ukraine to allow payments in cryptocurrency, says official<\/em><\/strong><\/p>\n

Using CBDCs to pay government workers is often one of the pilot implementation strategies for national digital currency projects. <\/p>\n

Indeed, among the few sovereign digital currencies already in circulation, several projects have elected to pay state employees in the CBDC.<\/p>\n

Back in June, China, one of the leading nations in the CBDC arena, debuted a blockchain-based system for digital yuan salary payments. <\/p>\n