According to Cointelegraph, the Central Bank of Kazakhstan (NBK) has established an independent entity to lead the development and implementation of the digital tenge. According to an official statement on September 15, the Kazakhstan Interbank Payment Center will be reorganized into the National Payment Company (NPC). This new agency will oversee the national payment system, including interbank clearing services, transfers, and digital identity recognition, and will also be responsible for the development of "digital financial infrastructure", including the implementation of the digital tenge.
The development of the digital tenge began in February 2023, with a launch deadline of 2025. Currently, Kazakhstan's CBDC pilot is in a controlled environment pilot phase with real consumers and merchants participating. Binance is one of the main partners in the project, supporting the pilot through its technical solution BNB Chain. Previously, Binance launched a regulated digital asset platform in Kazakhstan in June, and Binance obtained a license from the AIFC Financial Services Authority (AFSA) in October 2022 to provide custody services.
