Kazakhstan plans to launch its own crypto-currency

Kazakhstan wants to enter the market of crypto-currencies. The country is even considering creating its own digital currency. The international financial centre of Astana (AIFC), supported by the government, announced yesterday that it had signed a cooperation agreement with the company maltese Exante. In a press release, Exante, which positions itself as an investment company, said that it would work with the AIFC for the development of the market still untapped crypto-currencies in the country.

Kairat Kelimbetov, head of the AIFC, has indicated that the technology Blockchain and crypto-currencies today are at the heart of the economy of many countries around the world.

Of the measures already put in place gradually

The main financial regulators of the Astana team have already begun work and the put in place the foundations of the ecosystem fintech of Kazakhstan. Kelimbetov stressed that the AIFC can become a major player in the trade of crypto-currencies and the development of the market for digital currency.

Lena, Pixabay

Kazakhstan would follow the footsteps of a number of countries, such as Estonia, which proposes its own crypto-currency supported by the State. This digital currency is called ” Estcoin “. The countries of eastern Europe, said it expected the launch of the Estcoin through an ICO.

Many countries want to create their own crypto-currency

After Estonia and Japan, who have recently announced the launch of their own virtual currency, and it is now in Kazakhstan, which plans to position itself in this market. The technology Blockchain from Exante will support the entry of Kazakhstan on this sector. This solution will also facilitate the transactions of crypto-currencies.

The co-founder of Exante, Anatoly Knyazev, stressed that the development of such a system will bridge the gap between the markets for traditional assets and crypto-currencies. He added that they are very interested in the actors of the market, and already have the agreement of other government financial institutions.

Source : CNBC