Kazakhstan plans to create its own national cryptocurrency. The country has a signed a deal of cooperation with a Maltese firm called Exante to create the cryptocurrency, which is yet to be named. Kazakhstan follows a number of other countries, including Japan, Estonia and, most recently, Russia in developing their own national coin. The currency will be managed by Kazakhstan’s Astana International Finance Center (AIFC). “Astana’s leading financial regulators have already commenced their work and are laying the foundation for Kazakhstan’s fintech-ecosystem,” AIFC Governor Kairat Kelimbetov said. “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."
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