The National Bank of Kazakhstan has taken a substantial leap into the realm of central bank digital currencies (CBDCs), joining the global trend with the launch of its pilot phase for the digital tenge, the latest in a series of initiatives heralding the digital transformation of currencies worldwide. The bank confirmed the initiation of this pioneering phase, marked by the first retail payment executed using the digital tenge, carried out by an official from the central bank itself. The digital tenge’s pilot phase unfolds within a platform operating in “pilot mode,” involving real users such as second-tier banks and their clientele.
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