National Bank of Kazakhstan to Integrate Digital Tenge With BNB Chain, Binanc...
The central bank of Kazakhstan intends to use Binance’s blockchain platform Bnb Chain for the deployment of its upcoming digital currency. The decision was made public on social media by Changpeng Zhao, the chief executive of the global crypto exchange which was recently licensed to work in the country. Kazakhstan to Employ Binance Blockchain Infrastructure for Its Central Bank Digital Currency Project Kazakhstan’s monetary authority is going to integrate its central bank digital currency (CBDC) into the Bnb Chain developed by Binance, the founder and CEO of the....
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The National Bank of Kazakhstan said it plans to present some of the results of the CBDC study to stakeholders in July 2022 and reaching a decision on launching a digital tenge by December. Kazakhstan, the country behind one of the largest sources of Bitcoin mining hash power, has released the results of a pilot program for its digital tenge. According to a Wednesday report, the National Bank of Kazakhstan, or NBK, said it had confirmed the possibility of implementing a retail central bank digital currency, or CBDC, based on distributed ledger technology. In addition, the central bank....
Officials in Kazakhstan continue their close relationship with Binance, as the National Bank plans to integrate its CBDC on the BNB Chain. 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 of the Binance network.National Bank of Kazakhstan (NKB) will integrate their CBDC on @BNBchain. #BNB....
The potential national digital currency in Kazakhstan is not intended to replace either cash or cashless payments, the central bank stressed. Kazakhstan’s central bank is planning to examine the potential benefits and risks of adopting a state-backed digital currency.The National Bank of Kazakhstan, or NBRK, published Wednesday a report on a digital tenge pilot project and opened a public consultation on the potential central bank digital currency, or CBDC.According to the report, the digital tenge would be a new form of money issued by the NBRK to enable the “further development of the....
The National Bank of Kazakhstan today announced the launch of its tenge-backed stablecoin called Evo (KZTE). The stablecoin is launched in partnership with Mastercard and the leading smart contract platform, Solana (SOL). Kazakhstan Unveils Solana-Powered Evo Stablecoin In an announcement made earlier today, the Central Asian country of Kazakhstan unveiled a pilot project for its […]
One of the world’s biggest Bitcoin mining countries is still thinking about whether it needs a central bank digital currency. Kazakhstan, one of the world’s largest countries in terms of Bitcoin mining hash power, is continuing to explore a potential central bank digital currency (CBDC).The National Bank of Kazakhstan has completed a prototype of a digital tenge platform, governor Erbolat Dossayev announced, according to a report by local news agency Kazinform.The central bank is now preparing to publish preliminary results of digital currency testing and a pilot CBDC project on Wednesday,....