Binance Provides BNB Chain Environment for Kazakhstan CBDC Test

Kazakhstan’s digital currency project The largest crypto asset (virtual currency) exchange Binance and the Central Bank of Kazakhstan released a joint report on cryptocurrencies and DeFi (decentralized finance) on the 3rd. Kazakhstan’s central bank digital currency (CBDC) is in the pilot stage. Binance will help Kazakhstan by providing an environment for its own blockchain, BNBChain, to test CBDC integration. Kazakhstan will formulate a strategic roadmap for building a digital financial infrastructure in 2020. This included plans for a “digital tenge,” a digital version of the legal tender tenge. According to the report, Digital Tenge is already in the process of