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Home Exchanges

Kazakhstan’s state cryptocurrency on the BNB Chain? Binance confirms

by Ashutosh Thakur
October 27, 2022
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On the right track – The central bank digital currency (MNBC) Kazakhstan could join BNB Chain, given Binance’s efforts in the country to try to convince local authorities.

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A digital tenge on Binance’s BNB Chain

In series From tweets on October 26, Binance CEO Changpeng Zhao provided details on the progress of the cooperation between the company and the National Bank of Kazakhstan, in the field of Central Bank Digital Currencies (CNBC). .

Changpeng Zhao started by recalling that two weeks ago Binance got a license in the country.

The crypto exchange team later met with the governor of the central bank of Kazakhstan, Berik Sholpankulov, as well as the head of the technology and payment center, Binur Zhalenov.

She introduced the “BNB Chain community” to local regulators, to discuss of a possible integration test from central bank digital currency of Kazakhstan to blockchain. Recently, the country launched a pilot project for its MNBC, in a controlled environment, with the participation of “real consumers and merchants”.

Changpeng Zhao said that from now on he is waiting for the use cases of the digital currency, in order to “see” how it can be integrated into the BNB Chain.

Binance and its CEO are on all fronts to promote a BNB Chain, which therefore wants to find a place for itself as well as Central Asia, than within crypto-startups in Europe.

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