Kazakhstan CBDC Launch: Will it Happen by 2025?

Will Kazakhstan launch its own Central Bank Digital Currency (CBDC)? The question remains unanswered, but developments suggest a potential launch by 2025. Despite actively moving forward with CBDC testing, Kazakhstan is yet to decide on whether to launch a digital representation of the national currency. The NBK started testing the digital Tenge last year and will reportedly decide on whether or not it is feasible to launch it by the end of 2025.

Recent reports indicate that Kazakhstan will continue looking into a central bank digital currency (CBDC) until 2025 at least, the central bank said in a report published Thursday. This extended timeline suggests a cautious approach to the implementation of a digital Tenge.

The Future of the Digital Tenge

According to reports, Kazakhstan may launch its own Central Bank Digital Currency (CBDC) in 2025. This launch would mark a significant step for the country, which is one of the largest countries in the world in terms of Bitcoin mining, and could potentially reshape its financial landscape. The final decision regarding the CBDC is expected in December 2025. Using Binance’s BNB chain will Kazakhstan.

Stay tuned for updates on Kazakhstan's CBDC progress as we approach the crucial decision-making period in 2025.