Kazakh central bank to roll out blockchain-based savings

national-bank-of-kazakhstan-nbk
The National Bank of Kazakhstan

The National Bank of Kazakhstan is planning to roll out a system this year that would allow members of the public to trade securities on a blockchain-based system.

The framework is designed to allow people to trade the central bank’s short-term notes using mobile phones, with no taxes or commission imposed. The distributed nature of the system would cut out brokers and dealers, the central bank says.

If the project is successful, members of the public would be able to trade interest-bearing no