Russia’s Finance Ministry pays wages in digital rubles for first time
Work on the introduction of the digital ruble to the budget process is being carried out by the Bank of Russia together with the Ministry of Finance.
Russia’s Ministry of Finance said on Friday that some of its employees had received their wages in digital rubles for the first time.
Being paid in the central bank’s digital currency is available for citizens of Russia on a voluntary basis, and began on Thursday, Oct. 1, according to a Ministry of Finance press release.
The ministry did not disclose how many participants were paid in digital currency or the total payroll amount.