•Ukraine Deputy Prime Minister, Mikhail Fedorov, has expressed interest in taking his salary in a Central Bank Digital Currency (CBDC) when it is available.
•Fedorov is hoping to make Ukraine the world’s leading jurisdiction for virtual currency and announced a successful wartime fundraising campaign.
•The news was announced at the World Economic Forum in Davos, Switzerland, where topics including Bank of America’s new report on CBDCs, the European Union’s MiCA vote, and crypto’s tax implications were discussed.
At the World Economic Forum in Davos, Switzerland, Ukraine Deputy Prime Minister, Mikhail Fedorov, expressed his interest in taking his salary in a Central Bank Digital Currency (CBDC) when it becomes available. Fedorov hopes to make Ukraine the world’s leading jurisdiction for virtual currency and announced a successful wartime fundraising campaign alongside the news.
The forum included topics such as Bank of America’s new report on CBDCs, the European Union’s (EU) MiCA vote postponement until April, and the tax implications of cryptocurrencies. IBM Consulting Executive Partner, Shyam Nagarajan, Deloitte Tax LLP Partner, Rob Massey, TRM Labs Senior Policy Advisor, Isabella Chase, and Marta Belcher of the Filecoin Foundation all joined the conversation.
Fedorov believes that CBDCs will bring about positive change for Ukraine, and is eager to become the first user of the technology. He is confident that the country’s new laws will make it the world’s leading jurisdiction for virtual currency.
The Deputy Prime Minister explained that his decision to take his salary in a CBDC was motivated by the success of the country’s wartime fundraising campaign. He believes that the technology could be used to further support the economy and citizens of Ukraine, and that this will be possible with the introduction of CBDCs.
The news generated much excitement and interest at the World Economic Forum, as many experts and leaders discussed the possibilities of CBDCs. Bank of America’s new report on the technology was met with enthusiasm, as was the EU’s decision to postpone the MiCA vote until April. Additionally, the tax implications of cryptocurrency were discussed in detail.
Overall, the forum provided an opportunity for experts from different fields to come together and discuss the potential of CBDCs. The Deputy Prime Minister’s announcement that he will be taking his salary in the technology has generated a lot of interest and optimism, and many are now looking forward to seeing what the future holds for Ukraine and other countries as they explore the possibilities of CBDCs.