Binance CEO: National Bank Of Kazakhstan To Integrate Digital Tenge With BNB Chain

The central bank of Kazakhstan is mulling over using the BNB Chain for the deployment of its upcoming digital currency. The decision was made public on social media by Changpeng Zhao, the CEO of the global virtual asset exchange which was recently licensed to work in the nation.

The exchange was recently granted license to provide a range of services for virtual assets, including exchange and custody, while operating from the central Asian nation’s financial hub, Astana International Financial Center.

Recently, Zhao divulged that after it received the regulatory approval, the organization met with Berik Sholpankulov, the first Deputy Governor of the National Bank of Kazakhstan and Binur Zhalenov, head of the bank’s Payment and Financial Technologies Development Center.

Kazakhstan, which became a hotspot for digital asset mining as a consequence of China’s clampdown on the industry last year, has been taking steps to regulate its virtual currency domain, including the activities of cryptocurrency trading platforms.

Earlier, Binance had pledged support for the safe development of the nation’s virtual asset market. The exchange and the government in Nur-Sultan recently agreed to share information on financial misdemeanors involving virtual assets under a MOU signed with Kazakhstan’s Financial Monitoring Agency.