Binance CEO, Champeng Zhao
Spread the love

Binance CEO – Changpeng Zhao – confirmed that the National Bank of the Republic of Kazakhstan will integrate its central bank digital currency (CBDC) into BNB Chain.

Binance has lately strengthened its ground in the Central Asian country lately as the local regulator AIFC Financial Services Authority (AFSA) allowed it to operate a digital asset platform and provide custodial services to Kazakhstani consumers.

Zhao revealed that Binance’s team has held discussions with top members of Kazakhstan’s central bank, including the First Deputy of the Governor – Berik Sholpankulov – and the Head of Payment and Technological Center – Binur Zhalenov.

As discussed in the meeting, the exchange offered the institution to integrate its upcoming CBDC on BNB Chain.

CZ also noted that the NBK has already launched a pilot version of its digital tenge in a “controlled environment and with real consumers and merchants.”

In a current tweet, CZ said the bank had tapped Binance as a partner for that product.

Some Twitter netizens found the collaboration to be a bullish move, with the tendency of bettering the crypto market, while few of them opined that Binance should not get involved with CBDCs, arguing that such financial products lack the merits of cryptocurrencies.

By Meekness Nnoka

Blockchain Analyst & Writer with top-notch Technological background. Enjoys reading and writing fascinating crypto contents. 4 years content creating experience.

Leave a Reply

Your email address will not be published. Required fields are marked *