Kazakhstan Set to Launch a Cryptocurrency Backed by Fiat Money
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Kazakhstan Set to Launch a Cryptocurrency Backed by Fiat Money
Kazakhstan’s Astana International Financial Center and EXANTE announced today that they have reached an agreement on the development of the country’s crypto-assets market. EXANTE will launch the Stasis platform, which will serve as the foundation of the new digital asset secured by fiat.
“Blockchain and cryptocurrencies are entering the mainstream of today’s economic reality. Astana’s leading financial regulators have already commenced their work and are laying the foundation for Kazakhstan’s fitech-ecosystem. 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,” ... (read more)
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