Digital Tenge
Proof of conceptKazakhstan
Central Bank(s)
National Bank of Kazakhstan
Announcement Year
2020
Status
Proof of concept
Retail/Wholesale
Wholesale
DLT / non-DLT
DLT
National Bank of Kazakhstan perceives a multitude of possibilities arising from the harmonization of conventional and decentralized finance, as well as the interplay between regulators and the market. It aims to foster a sound and equitable regulatory atmosphere for digital assets and cryptocurrencies that guarantees their innovative capacity while safeguarding consumer rights and maintaining macro-financial stability, as the main objectives of the Digital Tenge project is to test the concept’s feasibility through experimental confirmation of the retail platform’s technological viability based on distributed ledger technology, as well as to determine the main parameters of the CBDC Model for Kazakhstan in cooperation with all stakeholders.
Link to announcement
Last update: September 2023
September 2023
None → Proof of concept
Announcement Year: 2020
Retail/Wholesale: Wholesale
DLT / non-DLT: DLT
Main motivation/goals of the CBDC: National Bank of Kazakhstan perceives a multitude of possibilities arising from the harmonization of conventional and decentralized finance, as well as the interplay between regulators and the market. It aims to foster a sound and equitable regulatory atmosphere for digital assets and cryptocurrencies that guarantees their innovative capacity while safeguarding consumer rights and maintaining macro-financial stability, as the main objectives of the Digital Tenge project is to test the concept’s feasibility through experimental confirmation of the retail platform’s technological viability based on distributed ledger technology, as well as to determine the main parameters of the CBDC Model for Kazakhstan in cooperation with all stakeholders.
Link to announcement: www.swift.com
Country / Region: Kazakhstan
Central Bank(s): National Bank of Kazakhstan
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