The National Bank of Kazakhstan (NBK) officially launched his Crypto card initiative June 3tune The Guideline of Kassym-Jomart Tokayev To improve the country’s digital ecosystem.
The announcement was made during an important meeting with stakeholders, including Banks, crypto -fairs and fintech companiesTo assess the development of Tokenized Financial Services And Innovations of digital assets.
Crypto -card functionality: how it works
The Crypto card from Kazakhstan is designed as a non-continuous payment solution within the Astana International Financial Center (AIFC). Users have one Crypto wallet of a recognized digital assetrovider To use the card for daily transactions.
According to NBK’s press release:
“Transactions are processed with the help of fiat -currency after the immediate conversion of digital assets. This is made possible by the integrated crypto-to-fiat infrastructure Between the bank and the recognized AIFC crypto provider. “
This allows users Spent crypto immediately while sellers receive Fiat paymentssimplifying the payment process.
5 large banks arrive at Kazakhstan’s Crypto Card Pilot
Without June 5Five leading banks have become members of the pilot program:
- Halyk Bank
- Fort
- Freedom
- RBK Bank
- Altyn Bank
NBK -Governor Timur Suleimenov emphasizes that this is one of the most Prominent financial institutions in Kazakhstan. With the crypto card, users can use them exchanges such as Binance via AIFCTo make seamless payments for goods and services.
What is the following? Stablecoins and tokenized assets on the horizon
Kazakhstan is preparing various upcoming pilot projects to further expand his digital financial ecosystemincluded:
- Stablecoins supported by the National Currency For settlement purposes.
- Tokenization of financial investmentsincluded equity.
- Improved frameworks for Crypto -ACTIVE STORAGE And Exchange transactions Use crypto as collateral.
Last thoughts: Kazakhstan’s vision of a digital financial hub
With this crypto card initiative, Kazakhstan pushes forward like a Regional leader in regulated digital assets -innovation. Supported by the legal framework of the AIFC and the growing institutional involvement, the country lays the foundation for one Robust Crypto -Financial EcosystemIncluding regulated crypto-mining, assets-tokenization and real-world crypto utility programs.
While pilot projects roll out, Kazakhstan will soon be able to set a new benchmark Crypto-Integration supported by the State.
Credit : coinpedia.org
