Kazakhstan is starting a cryptocurrency, one backed by their national fiat cash.
Working with investment company Exante, in a press release today said:
"Leading financial regulators have already commenced their work and are laying the foundation for Kazakhstan's fintech-ecosystem. We believe that the AIFC can become an international hub for blockchain operations and the development of the digital assets market is our key priority in the near future."
They are already running closed tests of the technology, with no date yet announced of it's official launch.
-------Author: Justin Derbek
New York News Desk
