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Ukraine Deputy Prime Minister: I'll Take Salary in CBDC
Mikhail Fedorov says he wants to make his country the world's leading jurisdiction for virtual currency after a successful wartime fundraising campaign.
Updated Jan 19, 2023, 7:34 a.m. Published Jan 17, 2023, 7:06 p.m.
DAVOS, Switzerland — Ukraine’s deputy prime minister wants to be the first user of a planned new central bank digital currency (CBDC) and take his salary in e-hryvnia, he told reporters at the World Economic Forum.
New laws will make the country the world’s leading jurisdiction for crypto assets, said Mykhailo Fedorov, who is also Ukraine's minister for digital transformation, after Ukraine successfully used crypto to raise money for its armed forces.
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“Two weeks ago, I saw a pilot of the electronic e-hyrvnia in Ukraine,” he said, speaking through an interpreter, of plans to issue a CBDC in cooperation with crypto non-profit the Stellar Development Foundation. “I plan on becoming the first test user of the electronic hryvnia and I plan to receive on receiving my salary in e-hryvnia.”
Ukraine is one of a number of countries around the world considering whether to issue fiat money in digital form, with draft legislation on a digital euro due from the neighboring European Union later this year.
In Ukraine, virtual assets legislation signed into law last year, just weeks after the country’s invasion by Russia, will be supplemented by a new tax law for crypto and by a CBDC law due next year from the National Bank of Ukraine, Fedorov said.
Read more: Ukraine Considering CBDC That Can Facilitate Crypto Trading
“That will see Ukraine having the best crypto assets jurisdiction in the world … a complex, comprehensive approach to the legalization of all digital assets," he noted.
In an unprecedented move, crypto fundraising by Ukraine early in the war succeeded in raising $178 million in clothing, vehicles and other equipment for soldiers, without falling afoul of capital controls.
“Owing to the support of the world crypto community, we've managed to facilitate and expedite quick purchases of everything we needed for our armed forces,” Fedorov said.
Read more: Guns, Ammo and Crypto: How A Ukraine Minister May Have Forever Altered Wars
CORRECTION (Jan. 19, 07:30 UTC): Corrects name and description of Stellar Development Foundation
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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market
Tarafından sipariş edildiKuCoin
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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A few Republicans have crypto's destiny in their hands at the SEC, CFTC
After holiday leadership shifts, the two U.S. markets regulators — the SEC and CFTC — are now run only by pro-crypto Republicans, with Congress still debating.
Bilinmesi gerekenler:
- The crypto industry finally has two permanent, crypto-friendly chairmen at the Securities and Exchange Commission and the Commodity Futures Trading Commission, and they have no Democratic pushback.
- The lack of fully stocked commissions at the market regulators is a big problem in the eyes of Senate Democrats negotiating the crypto market structure bill.
- The lone remaining Democrat, Caroline Crenshaw, left the SEC last week.
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