Kazakhstan’s central bank announces CBDC pilot
Central bank says it will issue token-based prototype to lenders
The National Bank of Kazakhstan will create a two-tiered platform to provide financial institutions access to a “digital tenge” during a new central bank digital currency (CBDC) pilot.
The tenge is Kazakhstan’s currency, worth approximately $0.23.
During the pilot, the central bank will issue a token-based prototype CBDC to financial institutions. They in turn will offer CBDC payment services to citizens.
“To make a decision on the issue of the digital tenge, it is necessary to conduct a
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