Kazakhstan central bank: Opens consultation on digital currency issuance

  • The National Bank of the Republic of Kazakhstan the central bank of Kazakhstan and presents the upper (first) tier of the banking system of Kazakhstan
  • The national digital currency a prospective form of money an obligation of the National Bank of the Republic of Kazakhstan
  • The digital tenge a legal means of payment, a value measure, and a means of saving
  • To implement the platform, a two-tier architecture planned, in which financial market participants provide payment services
  • To make a decision on the issue of the digital tenge necessary to conduct a comprehensive study of the advantages
  • The National Bank of the Republic of Kazakhstan plans to carry out this work together with financial market participants
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Klarna Stock Tumbles After Disappointing Q4 Results

Klarna reports unexpected losses, impacting stock performance and investor sentiment. Highlights: Klarna's stock falls sharply after reporting unexpected Q4...

FBI Warns of Surge in ATM Jackpotting Attacks

Recent spike in ATM jackpotting poses risks to financial institutions and customers. Highlights: FBI reports increased ATM jackpotting incidents...

Nvidia Considers $30 Million Investment in OpenAI

Potential investment highlights Nvidia's strategic focus on AI innovation. Highlights: Nvidia is considering a $30 million investment in OpenAI.This...

Forbes Fintech 50 Sees 20 Newcomers Strengthening Financial Inclusion

New entrants highlight AI and innovative business models in fintech. Highlights: Forbes Fintech 50 adds 20 new companies to...