Kazakhstan will continue with its exploration of a central bank digital currency until 2025. camomileshumba reports
The bank said it has completed some phases of the trial, including refinement of the prototype and introduction for a limited number of participants. For the next two years, the country"will develop solutions for launching into industrial operation," and will cooperate with other central banks on cross-border and currency-exchange operations, the report said. By December 2025 it will add more participants, aim to introduce offline capabilities and connect with non-bank mediators.
"The unique advantages of the national digital currency relates to conducting a chain of transactions offline," the report said.
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