Kazakhstan Officially Launches CBDC
Kazakhstan has officially launched its very own Central Bank Digital Currency (CBDC), the digital tenge. Indeed, Kazakhstan’s National Payment Corporation (NPC) has seen its chairman, Binur Zhalenov, make the first official transactions with the currency, according to local news outlets.
Zhalenov spoke at the XI Congress of Finance in Almaty on Wednesday, where he paid with a debit card that was connected to a CBDC account. Additionally, he promised “massive platform development” as the CBDC moves into 2024.
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