After Russia announced that it will launch an official digital currency called “CryptoRuble“, Kazakhstan is following suit. In a statement made by the Astana International Financial Center, it was reported that a cooperation agreement was signed with the Maltese firm Exante to launch an official digital currency.
Astana International Financial Center President Kairat Kelimbetov said, “Blockchain and digital currencies are entering the mainstream of today’s economic reality. Astana’s leading financial regulators had already started work and were laying the foundation for Kazakhstan’s fintech ecosystem. While we believe that our center can become an international hub for Blockchain operations, we consider the development of the digital asset market to be our main priority in the near future.” He said.
New trend: Official digital currencies
The trend of countries creating their own digital currencies has started to develop recently. First, Estonia announced a project called “Estcoin”, but it was shelved due to the fact that EU member states could not offer their own currencies.
Japan gave the signal to launch its own digital currency called J-Coin last month.
Last month.
Lastly, Russia announced CryptoRuble.