National Bank of Kazakhstan completes second phase of digitaltenge pilot.
The central bank of Kazakhstan has completed the second phase of testing for its digital currency and published a whitepaper. The studies carried out by the regulator on its introduction did not identify significant risks for the country’s financial stability and economy.The National Bank of Kazakhstan has announced the successful completion of the second stage of testing of the platform for its central bank digital currency .
According to the bank, the research has confirmed that the digital tenge is a feasible project. Once introduced, the CBDC can increase the availability of financial services, including through a feature allowing offline transactions as well as the offering of new products and services. A survey among consumers indicated the majority would use the coin.The third phase of implementation of the digital national currency will commence in January and continue throughout 2023.
In October, Binance founder and CEO Changpeng Zhao announced on Twitter that the NBK plans to use the Bnb Chain for the deployment of the digital tenge. The world’s largest crypto trading platform was
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