Kazakhstan Set to Launch National Cryptocurrency Backed by Fiat

Kazakhstan’s Astana International Financial Center (AIFC) and Exante have announced a partnership regarding the development of a national cryptocurrency. The Kazakhstan government intends to launch a state-issued cryptocurrency that is backed by fiat.

The AIFC has announced a partnership with Exante, in which the company’s ‘Stasis’ platform will be used as the foundation for Kazakhstan’s national cryptocurrency. Exante is a Malta-based investment company that that was founded in 2011…

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