Central bank to examine how digital tenge could be used to reduce corruption in public spending
The National Bank of Kazakhstan on July 18 announced the second phase of its central bank digital currency (CBDC) pilot, which is aimed at tracking government expenditure and preventing the misappropriation of funds.
In its statement, the central bank said it was working with the government and the national anti-corruption agency on several projects related to the pilot. These will focus on the use of the CBDC in spending on agriculture, construction and direct financial support. The government
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
Most read articles loading…
Back to Top
You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.
You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.
You are currently on corporate access.
To use this feature you will need an individual account. If you have one already please sign in.
Alternatively you can request an individual account
.
by :
Source link
