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The government of Kazakhstan has developed a roadmap to stimulate the development of the country’s cryptocurrency industry and blockchain technology.
According to Tuesday’s news, the state government has reviewed proposals to address the development of the cryptocurrency industry and reconsidered the state’s approach to regulating cryptocurrency operations announcement On the website of the Prime Minister of Kazakhstan.
Officials suggested that the Astana International Financial Center, a major national financial center, should be used to run cryptocurrency exchanges. The government also proposes to establish standards through which cryptocurrency exchanges can interact with local banks and customers.
The new initiative aims to provide transparency and organization to the local encryption industry. “So far, among the various companies engaged in the encryption industry, […] The statement read: “Only mining companies are part of the Kazakhstan market.”
The Republic of Kazakhstan is paying more and more attention to the encryption industry and digital assets.Last week, the Central Bank of Kazakhstan Issue a formal report Use possible central bank digital currency. The bank stated that the digital Tenge neither intends to replace cash payments, nor does it intend to replace cashless payments, but an alternative option that will enable the further development of the national payment system and reduce dependence on cash.
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