Share this article
Kazakhstan Plans Central Bank Digital Currency Pilot: Report
The bank said before a CBDC can be issued it is necessary to conduct a comprehensive study of the benefits and risks.
Updated Sep 14, 2021, 12:51 p.m. Published May 6, 2021, 4:54 p.m.
The Kazakhstan central bank said it is planning to pilot a central bank digital currency (CBDC).
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- In an announcement Wednesday, the National Bank of the Republic of Kazakhstan said it plans to pilot a new legal tender dubbed the “digital tenge.”
- The tenge is the basic monetary unit in the country equal to 100 teins ($0.23).
- The bank said it will provide the infrastructure for the CBDCs but before issuance it needs to conduct a comprehensive study of the benefits and risks associated with a digital currency and the method used to issue and distribute it.
- The next step will be to conduct research around CBDCs with participants from the financial markets.
- Many other central banks around the world are already carrying out similar experiments.
- In April, Norges Bank announced it is moving ahead and will start testing technical solutions for a CBDC over the next two years.
- The Bank of Japan announced plans to begin phase one of experimenting with a CBDC by conducting experiments on the basic functions such as issuance, distribution, and redemption.
- In the meantime, China, which is further ahead in the CBDC race than other major powers, has been testing platforms on which the digital yuan can be freely traded with other fiat currencies.
Read more: Bitcoin Mining Facility With Room for 50,000 Rigs Set to Launch in Kazakhstan
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Aptos' APT declines on below average volume
The token has support at the $1.69 level and resistance at $1.80.
What to know:
- APT declined 1.7% to $1.70.
- Trading volume dropped 16% below the 30-day average.
- Price action remains range-bound between $1.69 support and $1.80 resistance.
Top Stories
