Ukraine Speeds Up Digital Hryvnia Project, Plans Pilot for This Year – Finance Bitcoin News

The plan to introduce the CBDC is included in the central bank’s Strategy 2025. Fedorov, who also serves as Ukraine’s deputy prime minister, said he had written a letter to the NBU in which he insisted it’s necessary to speed up the development of the electronic hryvnia.

As prescribed by the current Ukrainian legislation, the NBU should launch the digital hryvnia pilot in 2024, the digital minister reminded. “But we want to start this year, not postpone to the next,” emphasized Mykhailo Fedorov who is also a crypto proponent.Kyiv’s “very ambitious plan” to make Ukraine the most digitalized country in the next two years.

“Digitalization is going to be the foundation for rebuilding. We are doing these reforms during the war,” Fedorov reporters at the sidelines of the World Economic Forum in Davos last month, also promising that the Eastern European nation will become “the best crypto jurisdiction in the world.”

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UK basic pay speeds up but jobs market shows some coolingBasic pay in Britain grew more quickly again in the last three months of 2022, underscoring the Bank of England's worries about inflationary heat in the economy, but other data published on Tuesday suggested a cooling in the labour market. Yes but ppl are not going out and buying clothes,tvs,etc. They are struggling to pay their soaring energy bills,food,mortgage interest payments! Energy prices and Brexit is fuelling inflation don’t you think? Not pay which has been falling in the public sector for 12 years….. Any system in which basic pay rising is a negative thing is fucked up beyond any hope of repair. Especially whilst executive pay is soaring and nobody seems to bat an eyelid.
Source: Reuters - 🏆 2. / 97 Read more »