BankingBusiness

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
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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.

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