The National Bank of Kazakhstan is warming up to cryptocurrencies, but not at the same pace as some governments that have legalized the trading of cryptocurrencies on their lands.
At a recent press conference, the National Bank Chairman, Galymzhan Pirmatov was asked if the country came late to the crypto party.
Pirmatov responded that the country is not in any way late to the crypto space, noting that it has taken out time to carefully observe the space over time. "I do not think that the National Bank is late. We, like many central banks and financial regulators in the world, are carefully observing and studying this issue,” Pirmatov said adding that the bank is somewhat holistic in its approach to the ecosystem with considerations for miners, Decentralized Finance (DeFi), and all innovations associated with the industry.
“We are talking about decentralized finance, where we are attracted by the possibility of innovation. That is, we do not keep the issue of miners or about some...
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