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Kazakhstan's central bank reports results on CBDC pilot project

Published 12/16/2021, 11:15 AM
Updated 12/17/2021, 01:20 PM
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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.

Source: National Bank of Kazakhstan

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