Daily Archives: 07/05/2021

Central Bank of Georgia began to study the possibility of issuing digital lari

The National Bank of Georgia is exploring the possibility of issuing a state cryptocurrency to improve the efficiency of the internal payment system and the availability of financial services. According to the statement of the Central Bank of Georgia, the country plans to join the growing number of states preparing the release of the state cryptocurrency. The regulator encourages technology companies, the fintech industry and interested financial institutions to cooperate with the Central Bank to…

Central Bank of Kazakhstan opened a public discussion on the issue of digital tenge

The National Bank of the Republic of Kazakhstan began a public discussion of the benefits and possible risks of switching to the digital Kazakhstani tenge. According to information from the Bank of Kazakhstan, digital tenge will be backed by the state currency in cash and non-cash form in a 1: 1 ratio. It will have a two-tier structure: financial institutions will be able to provide services to the population and businesses using this asset, and…