Kazakhstan will launch a central bank digital currency (CBDC). The National Bank of Kazakhstan (NBK) has revealed that its in-house CBDC will be deployed as early as 2023. The functionality is being expanded periodically and commercially operational until the end of 2025.
In late October, Binance CEO Changpeng “CZ” Zhao announced that the Kazakhstan CBDC would be integrated into the BNB Chain. finance , promote competition and innovation in the payment industry , and enhance the country’s global competitiveness.
“With regard to the need for technological improvements, infrastructure preparation, operational model improvements and regulatory frameworks, We therefore recommend doing it intermittently for three years.”
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