Today news
About the same in other media
Kazakhstan's central bank reports results on CBDC pilot project
Reading now: 692
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 tested how Kazakhstan’s citizens might use a digital tenge for offline payments as well as its programmability.
In a series of hypothetical scenarios, the central bank tested how a CBDC could be used between second-tier banks and other external participants. The tests also explored how a digital tenge would work for cross-border transactions
Read more on cointelegraph.comAbout this in other media
El Salvador Bitcoin App Should Have Been Audited Long Ago, Claims Ex-Central Bank Chief cryptonews.com /2 years ago
Bitcoin Miners Could Go Nuclear in Kazakhstan as Gov’t Plans New Power Plant cryptonews.com /2 years ago
Winter’s Here for Bitcoin Miners in Kazakhstan and Iran as Cold Weather Brings Slowdowns cryptonews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
