Status : Pilot
Usecase : Retail
Kazakhstan began considering a Digital Tenge in May 2020. In June 2020, Kazakh officials revealed the nation’s digital currency development plan to experts from Russia and China. In May 2021, the National Bank of Kazakhstan (NBK) announced that it plans to pilot the Digital Tenge. In a December 2021 report, Kazakhstan revealed that it had built a prototype along with domestic banks. In October 2022, the NBK announced additional pilot testing to run through 2025 and that it will test the Digital Tenge on Binance’s blockchain network.
Relevant News
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Read MoreKazakhstan central bank reviews digital tenge pilot successes, next steps
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The chairman of the National Payment Corporation has made the first transaction with the central bank digital currency.
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Read MoreKazakhstan’s digital currency in pilot stage, per Binance, national bank joint report
The Central Asian country’s CBDC project is right on time, according to a 2020 roadmap, as consumers and merchants use the currency in a controlled environment.
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World’s largest crypto exchange working on crypto regulation in other central Asian states
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Read MoreKazakhstan to build central bank digital currency on BNB Chain
Officials in Kazakhstan continue their close relationship with Binance, as the National Bank plans to integrate its CBDC on the BNB Chain.
Read MoreKazakhstan to Integrate its Digital Tenge into the BNB Chain
Binance CEO has confirmed the National Bank of Kazakhstan will integrate its Digital Tenge into the BNB Chain ecosystem
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