Kazakhstan is going to launch a fiat-backed cryptocurrency Astana International Financial Center (AIFC) and EXANTE investment company announced an agreement under which EXANTE will launch the Stasis platform, on which a new digital asset backed by fiat will be issued. Finance Magnates writes about it.

Kazakhstan to launch fiat-backed cryptocurrency

Astana International Financial Center (AIFC) and EXANTE investment company announced the conclusion of an agreement, under which EXANTE will launch the Stasis platform, on which a new digital asset backed by fiat will be issued. Writes about this Finance Magnates.

“Blockchain and cryptocurrencies are becoming an everyday part of today's economic reality. Leading financial regulators Astana has already started work and began to lay the foundation for the fintech ecosystem in Kazakhstan. We believe that the AIFC can become an international hub for blockchain operations, and the development of the digital asset market is among our main priorities for the near future, "said the head of the AIFC Kairat Kelimbetov.

Stasis co-founder and CEO Grigory Klumov predicts a bright future for the blockchain: “Blockchain technology has several undeniable advantages: transparency, immutability, relatively high transaction speed and reduced costs. These factors more than enough to ensure further development ".

Earlier, the Minister of Communications and Mass Media of the Russian Federation Nikolai Nikiforov suggested that Kazakhstan could launch its own cryptocurrency before Russia issues a "crypto-ruble". Recent news indicates that it is quite possible.

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