Bitcoin, Crypto currency, Blockchain

Kazakhstan plans its own Cryptocurrency

As Cointelegraph reported yesterday, would now like to create Kazakhstan’s own crypto currency. Kazakhstan joins a list of countries, Dubai, Russia, or Japan, have declared in the last weeks and months, the intention to create its own crypto currency.

The message was announced from Astana International Finance Center (AIFC). The AIFC is a part of the in may of 2015 from the Kazakhstan’s President Nursultan Nazarbayev announced the “100 Concrete Steps” Plan, institutional reforms, and thus the country is in the Top 30 developed countries by 2050. As part of the Plan of the AIFC has been given a special legal Status as a “state supported Institution” in its own Right.

This AIFC has now been received on behalf of the Kazakh government in cooperation with the Maltese company “ex – ante” – referred to as a “Next-Generation Investment Company” – to develop a government-supported crypto-currency.

With this announcement, a Trend seems to continue in countries where crypto-currencies as a threat to the traditional market be considered, the government’s own digital to currencies be developed.

According to Information from CNBC is experimenting with the technology at present, but still in a “closed mode”. On the part of ex-ante no time was specified plan for the commercial launch.

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