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Kazakhstan to decide whether to launch CBDC by late 2022
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Kazakhstan, one of the world’s largest countries in terms of Bitcoin (BTC) 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 Dec. 15, Dossayev said. He noted that the pilot involved local financial companies and some international partners.
Despite actively moving forward with CBDC testing, Kazakhstan is yet to decide on whether to launch a digital representation of the national currency. According to
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