Central Bank of #Kazakhstan #Experiments with Digital Tenge Pilot
The Central Bank of Kazakhstan has announced the launch of a pilot program for a digital tenge, the country's national currency. This #digitalcurrency will be issued and controlled by the central bank and operate on a #blockchain platform. The pilot will involve a limited number of participants and will initially focus on testing the feasibility and efficiency of the digital tenge for domestic payments.
Significance: This news highlights the growing interest among central banks around the world in exploring central bank digital currencies (CBDCs). If successful, the pilot program could pave the way for the wider adoption of the digital tenge in Kazakhstan and potentially inspire other countries to explore similar initiatives.
