{"id":378637,"date":"2021-12-09T15:17:03","date_gmt":"2021-12-09T12:17:03","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/kazakhstan-to-decide-whether-to-launch-cbdc-by-late-2022\/"},"modified":"2021-12-09T15:17:03","modified_gmt":"2021-12-09T12:17:03","slug":"kazakhstan-to-decide-whether-to-launch-cbdc-by-late-2022","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/kazakhstan-to-decide-whether-to-launch-cbdc-by-late-2022\/","title":{"rendered":"# Kazakhstan to decide whether to launch CBDC by late 2022"},"content":{"rendered":"<p>&#8220;<strong># Kazakhstan to decide whether to launch CBDC by late 2022 <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvNmRjNjA3MGUtZWU3MC00YTY3LWFhYTgtYzIxZTliMWRlYTMzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Kazakhstan, one of the world\u2019s largest countries in terms of Bitcoin\u00a0mining hash power, is continuing to explore a potential central bank digital currency (CBDC).<\/p>\n<p>The National Bank of Kazakhstan has completed a prototype of a digital tenge platform, governor Erbolat Dossayev announced, according to a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.inform.kz\/en\/kazakhstan-to-test-national-digital-currency_a3872308\">report<\/a> by local <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> agency Kazinform.<\/p>\n<p>The central bank is now preparing to publish preliminary results of digital currency testing and a pilot CBDC project on Wednesday, Dossayev said. He noted that the pilot involved local financial companies and some international partners.<\/p>\n<p>Despite actively moving forward with CBDC testing, Kazakhstan is yet to decide on whether to launch a digital representation of the national currency. According to Dossayev, the central bank expects to make such a decision in December 2022.<\/p>\n<p>The National Bank of Kazakhstan has been increasingly paying attention to CBDC developments abroad, as multiple countries around the world develop their own digital currencies, the governor added.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin mining power crunch: Kazakhstan looks toward nuclear solution<\/em><\/strong><\/p>\n<p>Kazakhstan\u00a0opened a public consultation on the potential CBDC in May 2021 after local authorities began considering a national digital currency\u00a0the previous year.<\/p>\n<p>Kazakhstan\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach to launching a CBDC follows a similar plan by Russia, which is looking to roll out the first pilot tests for a digital ruble in early 2022.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/kazakhstan-to-decide-whether-to-launch-cbdc-by-late-2022\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Kazakhstan to decide whether to launch CBDC by late 2022 &#8221; Kazakhstan, one of the world\u2019s largest countries in terms of Bitcoin\u00a0mining hash power, is continuing to explore a potential central bank digital currency (CBDC). The National Bank of Kazakhstan has completed a prototype of a digital tenge platform, governor Erbolat Dossayev announced, according&#8230;<\/p>\n","protected":false},"author":1,"featured_media":378638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvNmRjNjA3MGUtZWU3MC00YTY3LWFhYTgtYzIxZTliMWRlYTMzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,75046,75022,74355,71511,76242],"class_list":["post-378637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cbdc","tag-central-bank","tag-adoption","tag-government","tag-kazakhstan"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/378637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=378637"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/378637\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/378638"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=378637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=378637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=378637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}