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Davos, The Deputy Prime Minister of Ukraine wants to be the first to use a new digital central bank currency (CBDC) and take his salary in e-hryvnia, he told journalists at the WEF.
New legislation will make the country the first jurisdiction in the world for crypto assets, known as Mykhailo Fedorov, Minister of Digital Transformation in Ukraine, after Ukraine successfully used crypto to fundraise for its military.
"There are two weeks.", I have seen an e-hyrvnia e-pilot in Ukraine,' he said, through the intermediary of an interpreter, projects for the issuance of a CBDC in co-operation with the crypto company Stellar. "I plan to become the first user test of the electronic hryvnia and I plan to get on receipt of my salary in e-hryvnia."
Ukraine is one of a number of countries around the world considering whether to issue fiat money in digital form, with draft legislation on a digital euro due from the neighboring European Union later this year.
In Ukraine, virtual assets legislation signed into law last year, just weeks after the country’s invasion by Russia, will be supplemented by a new tax law for crypto and by a CBDC law due next year from the National Bank of Ukraine, Fedorov said.
“This will enable Ukraine to have the best jurisdiction in the world when it comes to crypto-assets... a complex and comprehensive approach to legalizing all digital assets," he noted.
In a movement without precedent, crypto fundraiser by Ukraine at the beginning of the war managed to raise 178 million dollars in clothes, vehicles and other equipment for military personnel, Not infringing capital control.
"With the support of the global crypto community, we have succeeded in facilitating and accelerating the quick purchases of everything we needed for our armed forces," fedorov said.
