The country’s primary motivation for a CBDC was to test its potential to improve financial inclusion, promote competition and innovation in the payments industry.

cross-posted from: https://exploding-heads.com/post/68847

In late October, Binance CEO Changpeng “CZ” Zhao announced that Kazakhstan’s CBDC would be integrated with BNB Chain, a blockchain built by the crypto exchange. The country’s primary motivation for conducting studies on CBDC was to test its potential to improve financial inclusion, promote competition and innovation in the payments industry and increase the nation’s global competitiveness.