Kazakhstan's central bank sets rules for digital tenge launch

The National Bank of Kazakhstan has approved the regulatory framework for the issuance, circulation, and regulation of the digital tenge, according to The Astana Times. The document establishes the rules for the functioning of the central bank digital currency.

The digital tenge will enable individuals and legal entities to conduct payments in electronic form using the digital version of the national currency. The initiative is part of Kazakhstan's digital economy development strategy.