Home Coins Kazakhstan to Combine its CBDC on BNB Chain, CZ Confirms

Kazakhstan to Combine its CBDC on BNB Chain, CZ Confirms

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The National Bank of Kazakhstan decided to integrate its upcoming digital tenge into BNB Chain.

Changpeng Zhao – CEO of Binance – revealed that the National Bank of the Republic of Kazakhstan will integrate its central bank digital currency (CBDC) into BNB Chain.

The firm has strengthened its presence in the Central Asian country lately. The local regulator AIFC Financial Services Authority (AFSA) allowed it to operate a digital asset platform and provide custodial services to Kazakhstani consumers.

The NBK Picked BNB Chain

Zhao disclosed that Binance’s team has recently held discussions with top members of Kazakhstan’s central bank, including the First Deputy of the Governor – Berik Sholpankulov – and the Head of Payment and Technological Center – Binur Zhalenov.

During their meetings, the exchange offered the institution to integrate its upcoming CBDC on BNB Chain. CZ reminded that the NBK has already launched a pilot version of its digital tenge in a “controlled environment and with real consumers and merchants.” In a recent tweet, he said the bank had tapped Binance as a partner for that product.



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