Posted 9/18/2023, 8:48:45 AM

Kazakhstan Launches Digital Currency Pilot Led by New Payment Corporation

The National Bank of Kazakhstan established the National Payment Corporation to lead CBDC development.
The NPC will oversee the national payment system and implement the digital tenge.
The digital tenge pilot is currently in a controlled environment with consumers and merchants.
Binance supports the pilot through its BNB Chain and launched a regulated platform in Kazakhstan.
The CBDC aims to increase financial inclusion and support international trade.

cointelegraph.com

Relevant topic timeline:

8/24/2023

Central banks are exploring the issuance of digital currencies to promote financial inclusion and provide easier access to money for unbanked populations, with the potential to reduce dependence on cash, increase local currency adoption, and impact the role of international currencies such as the US dollar.

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