Kazakhstan unveils ‘crypto card’ payments initiative

Almaty: capital city of Kazakhstan, where financial authorities are pushing a growing number of digital finance initiatives I Credit: Aibek Skakov (Pexels)

The National Bank of Kazakhstan has launched a ‘crypto card’ retail payments initiative this week among a new set of projects aimed at encouraging the growth of regulated digital finance.

State authorities in the world’s largest landlocked country, which has a population of about 20 million, have been undertaking a growing number of explorations and investments into all sorts of fintech-related programmes in recent years, including the development of a central bank digital currency (CBDC).

Through the crypto card initiative, consumers can link licensed…

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