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

One in Seven UK High Street Shops Adopt Cashless Payments

New survey reveals a significant shift towards cashless transactions. Highlights: One in seven UK high street shops went cashless...

Morgan Stanley to Cut 2,500 Staff Across Divisions

The bank aims to streamline operations amidst economic uncertainties. Highlights: Morgan Stanley plans to cut 2,500 jobs across various...

Lloyds to Sell Customer Data to Cut IT Costs and Strengthen Fintech Position

The bank aims to optimize operations and enhance its fintech offerings. Highlights: Lloyds is selling customer data to reduce...

Robinhood Launches $695 Annual Platinum Credit Card, Challenging Amex

The new offering aims to disrupt the premium credit card market. Highlights: Robinhood's new Platinum credit card costs $695...