Kazakhstan and UAE Central Banks to Collaborate on VDA Rules, CBDCs

At a government meeting in Kazakhstan, Timur Turlov, founder of Freedom Holding Corp., presented Freedom Finance's opportunities to digitalize public services and insurance services. Special emphasis was placed on the use of the company's digital technologies to optimize insurance processes and reduce the administrative burden on government agencies.

Kazakhstan and UAE Central Banks to Collaborate on VDA Rules, CBDCs

Kazakhstan, aiming to advance trials of its digital Tenge CBDC this year, has sought the UAE's expertise to explore the Web3 sector. In a recent development, the National Bank of Kazakhstan signed an MoU with the Central Bank of the UAE (CBUAE) to collaborate on fintech, cybersecurity, and CBDCs. Kazakhstan also intends to leverage the UAE's experience in regulating virtual digital assets (VDAs) to shape its own regulatory framework.A delegation…

Kazakhstan, UAE Strengthen Ties in Digital Asset Innovation

Kazakhstan and the UAE are stepping up their collaboration in digital assets, blockchain technology, and fintech. A high-level team from Kazakhstan’s financial industry recently visited the UAE on March 26-27, meeting with significant financial institutions and regulators. The team included representatives from the National Bank of Kazakhstan and the Agency for Regulation and Development of Financial Markets. During the visit, conversations cent…

Kazakhstan Advances Digital Tenge Initiative to Enhance Transparency, Efficiency in Budget Fund Monitoring

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Kazakh Prime Minister Olzhas Bektenov chaired a meeting on April 3 discussing the implementation of the digital tenge and mechanisms for monitoring targeted budget fund usage, reported the Prime Minister’s press service. Olzhas Bektenov said that the digital tenge initiative would be pivotal in reengineering financial systems and improving the transpare…

Olzhas Bektenov holds meeting on digital tenge implementation and mechanisms of control over targeted use of budget funds