Kazakhstan launches tenge-pegged stablecoin pilot
Project is latest initiative to integrate digital assets into country’s financial system
The National Bank of Kazakhstan has announced the start of a pilot project to issue the first stablecoin pegged to the country’s currency, the tenge, within a regulatory ‘sandbox’.
Binur Zhalenov, the central bank’s chief digital officer, said yesterday (September 23) that it was pursuing co-ordinated efforts with the country’s other financial authorities to grow Kazakhstan’s digital assets industry “step by step”.
The bank’s governor Timur Suleimenov said at an event marking the launch that it
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