Binance’s BNB Chain To Be Integrated Into CBDC Of Kazakhstan
Binance CEO Changpeng Zhao revealed that the BNB Chain will play a role in Republic of Kazakhstan’s central bank digital currency (CBDC). The central Asian country has been in the race for a CBDC since May 2021. As the country’s central bank announced late last year, a decision on the feasibility of launching a CBDC […]
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Like his predecessors, the new prime minister of the United Kingdom, Rishi Sunak, has promised to focus on the economy. The new ruler might twist his economic strategy by finally embracing crypto and digital assets. Related Reading: Binance’s BNB Chain To Be Integrated Into CBDC Of Kazakhstan Rishi Sunak inherited a government in a precarious condition […]
Central bank digital currencies (CBDCs) are steadily becoming a serious discussion among governments globally, with Kazakhstan as the latest country unveiling its plans. The National Bank of Kazakhstan is making preparations to launch a CBDC pilot program soon. The National Bank Released a Public Consultation Paper According to the announcement published on their website, the bank expects to pilot its prototype of a digital tenge within the private companies of the financial industry in the first stage. The participants will adopt the CBDC to provide payment services via a two-tier....
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....
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,....
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....