National Bank of Kazakhstan plans to introduce stablecoin
Berik Sholpankulov, Deputy Chairman of the National Bank of Kazakhstan, announced that the regulator intends to introduce a stablecoin as an investment instrument to attract additional funds into the economy. This was reported by the bank's press service.
According to Sholpankulov, there is already an initial vision for the project based on international experience. The National Bank is expecting proposals from market participants to test them.
"After that, we will incorporate the enforcement provisions into the law. We plan to present the draft in August 2025," said the Deputy Chairman of the bank.
However, crypto assets are not intended to become a means of payment; their primary goal is to expand opportunities for local businesses.
It is worth noting that the U.S. Securities and Exchange Commission (SEC) has repealed rule SAB 121, which effectively prohibited banks from holding digital assets.
