Kazakhstan to press on with CBDC development until 2025

Kazakhstan will continue looking into a central bank digital currency (CBDC) until 2025 at least. The bank said it has completed some phases of the trial, including refinement of the prototype and introduction for a limited number of participants.

For the next two years, the country “will develop solutions for launching into industrial operation,” and will cooperate with other central banks on cross-border and currency-exchange operations