Regulation· ★★★· neutral·

Russia's Finance Ministry to start paying salaries in digital rubles from October

  • —Finance Ministry leadership to receive salaries in digital rubles from October
  • —The switch to digital-form payments will be voluntary only
  • —The ministry has already converted several state contracts to digital rubles
  • —Officials are discussing enshrining the rule in the Budget Code
Why it matters: The real-world payroll test will show whether the digital ruble is ready for regular settlements, though the lack of cashback and a 300,000-ruble monthly top-up limit curb its appeal.
Source: Cryptocurrency.tech
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