Kazakhstan’s central National Bank has stated that it is “interested in” the “opportunities for innovation” that cryptoassets and DeFi can “give” the government.
Per Tengrinews, the Governor of the National Bank Galymzhan Pirmatov told journalists at a press conference, that Kazakhstan wanted to benefit from the technology that had been developed by the “cryptocurrency sector.”
Pirmatov was challenged by reporters who suggested that the bank may be late to the game – and that its decision to regulate cryptoassets was too little, too late.
He responded:
“I do not think that we are late on this. We, like many central banks and financial regulators in the world, have been carefully observing and studying this matter. We are talking about decentralized finance, where we are attracted by the possibility of innovation.”
The Governor rejected the notion that issues pertaining to crypto mining – which led to violent riots over winter – needed to be kept “separate” from wider conversations...
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