🇷🇺 Russia Pays Government Salaries in Digital Ruble for First Time
The Russian Ministry of Finance has officially started paying employee wages using the digital ruble, marking a major milestone for the country's Central Bank Digital Currency (CBDC). The rollout began on October 1 and is currently operating on a voluntary basis for government staff.
This move follows successful federal budget trials in 2025, where approximately 16 million digital rubles (around $192,245) were disbursed. The Bank of Russia and the Finance Ministry are now integrating the digital currency directly into the national budget process.
#Russia #CBDC #DigitalRuble #CryptoNews
The Russian Ministry of Finance has officially started paying employee wages using the digital ruble, marking a major milestone for the country's Central Bank Digital Currency (CBDC). The rollout began on October 1 and is currently operating on a voluntary basis for government staff.
This move follows successful federal budget trials in 2025, where approximately 16 million digital rubles (around $192,245) were disbursed. The Bank of Russia and the Finance Ministry are now integrating the digital currency directly into the national budget process.
#Russia #CBDC #DigitalRuble #CryptoNews
🇪🇺 ECB President Lagarde confirms Digital Euro is imminent
European Central Bank President Christine Lagarde stated at the IMF Annual Meetings that the ECB is preparing a digital euro to complement physical cash for daily retail payments.
Lagarde emphasized that the digital euro will stimulate innovation and competition while ensuring Europe’s strategic autonomy in the payments sector. It is designed to coexist with private payment solutions as a public alternative.
This move follows the recent launch of Pontes, a system that enables financial institutions to settle wholesale tokenized asset transactions using central bank money. This provides a direct alternative to private settlement assets like stablecoins.
#DigitalEuro #ECB #CBDC #CryptoNews
European Central Bank President Christine Lagarde stated at the IMF Annual Meetings that the ECB is preparing a digital euro to complement physical cash for daily retail payments.
Lagarde emphasized that the digital euro will stimulate innovation and competition while ensuring Europe’s strategic autonomy in the payments sector. It is designed to coexist with private payment solutions as a public alternative.
This move follows the recent launch of Pontes, a system that enables financial institutions to settle wholesale tokenized asset transactions using central bank money. This provides a direct alternative to private settlement assets like stablecoins.
#DigitalEuro #ECB #CBDC #CryptoNews