Kazakhstan To Integrate CBDC With BNB Chain, Binance CEO Confirms

Changpeng Zhao – CEO of Binance – revealed that the National Bank of the Republic of Kazakhstan It will combine a central bank digital currency (CBDC) with the BNB Chain.

Zhao revealThat Binance’s team had recently held discussions with high-ranking members of the Kazakhstan’s central bank, including Deputy Governor – Berik Sholpankulov and Head of the Center for Payments and Technology – Binur Zhalenov.

during the meeting The exchange has offered the institution an upcoming CBDC integration in the BNB Chain, with CZ revealing that NBK has launched a pilot version of the digital tenge in “a controlled environment and with real consumers and traders,” and said the bank. has chosen Binance as a partner for that product.

Some Twitter users saw the collaboration as a good move. This could have a positive impact on the entire crypto industry, but some commented that Binance should not get involved with the CBDC, arguing that such financial products lack the advantages of cryptocurrencies.

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