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

JPMorgan Pilots Software to Monitor Junior Bankers’ Working Hours

New initiative aims to enhance oversight of junior employee hours worked. Highlights: JPMorgan tests software to monitor working hours...

Goldman Sachs to Implement Performance-Based Staff Cuts in April

The bank plans restructuring amidst shifting financial landscape. Highlights: Goldman Sachs plans performance-based staff cuts in April.The restructuring aims...

Nasdaq Secures SEC Approval for Trading Tokenized Securities

This marks a significant advancement in digital asset trading. Highlights: Nasdaq gains SEC approval for trading tokenized securities.This approval...

Aveni Launches Agentic AI Council to Enhance AI Ethics

New council aims to guide ethical AI development and deployment strategies. Highlights: Aveni establishes the Agentic AI Council for...