Kazakhstan Tests Programmable CBDC to Enhance Fund Allocation on Railway Construction
The National Bank of the Republic of Kazakhstan has announced the successful launch of a pilot project aimed at using the digital tenge platform (DT) for budget expenditures. This initiative, financed by the National Fund, marks the second phase in the introduction of Kazakhstan’s national digital currency, focusing on the programmability of digital tenge. As […]
Digital Tenge Goes Live: Kazakhstan Launches CBDC
Kazakhstan has officially launched its central bank digital currency (CBDC), the digital tenge, marking a significant step in the country’s financial technology evolution. The chairman of Kazakhstan’s National Payment Corporation (NPC), Binur Zhalenov, made the inaugural transaction with the digital tenge at the XI Congress of Finance in Almaty. This launch promises substantial platform development […]
Digital Tenge: NBK’s Latest Updates on Kazakhstan’s CBDC Project | September 2023
Since 2021, the National Bank of the Republic of Kazakhstan (NBK) has been spearheading the “Digital Tenge” (DT) initiative. After collaborating closely with various stakeholders including financial market entities, expert groups, and international financial institutions, the NBK wrapped up a crucial study in 2022 to assess the necessity of introducing DT. Following the release of […]
Swift Advances in Interconnecting Central Bank Digital Currencies with Latest Testing Phase
Swift, the global financial messaging service, is steering ahead in its mission to bolster the interoperability of Central Bank Digital Currencies (CBDCs) by launching a groundbreaking beta solution, currently under evaluation by three central banks. Additionally, over 30 financial entities have engaged in exploring the extensive applications of this solution through a newly introduced sandbox. […]
CBDCs on the horizon: The current state of CBDC initiatives around the world
Source: Cointelegraph Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology. BDCs distributed through blockchain technology can provide cheaper, faster and possibly more […]
Snapshot: Which countries have made the most progress on CBDCs so far in 2023
Source: Atlantic Council 2023 is already shaping up to be a major year in central bank digital currency (CBDC) exploration. As of March 1, sixty-five countries are in the advanced stage of development, and over twenty central banks have launched their pilots, including Brazil, Japan, and Russia. To dive deeper into these countries, follow our CBDC […]
National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge
Source: Bitcoin.com The National Bank of Kazakhstan (NBK) has announced the successful completion of the second stage of testing of the platform for its central bank digital currency (CBDC). The results of the trials and the study on the need for the new version of the national fiat, the tenge, have been presented in a whitepaper published […]
Kazakhstan to Press On With CBDC Development Until 2025
Source: Coindesk Kazakhstan will continue looking into a central bank digital currency (CBDC) until 2025 at least, the central bank said in a report published Thursday. In December 2021, the country said it was piloting a CBDC on R3’s Corda platform and would make a decision on whether to introduce one by the end of this year. In October, Binance CEO […]
Kazakhstan to build central bank digital currency on BNB Chain
Source: Cointelegraph In an announcement on Twitter, Changpeng Zhao, the founder and CEO of Binance, said the network will be a major component of Kazakhstan’s latest Web3 endeavor. The Binance founder tweeted that the National Bank of Kazakhstan (NBK) will integrate its central bank digital currency (CBDC), the digital tenge, on the BNB Chain, the underlying blockchain […]
Report on the Results of the Digital Tenge Pilot Project
