Tuesday, October 17, 2017

Ryan Browne — Kazakhstan plans to launch its own cryptocurrency

  • Kazakhstan's government-supported Astana International Finance Center (AIFC) said Tuesday it had signed a deal of cooperation with Maltese firm Exante
  • Exante said it would work with the AIFC to develop the ex-Soviet nation's untapped cryptocurrency market
  • Kazakhstan's entry into the digital currency ecosystem would be underpinned by Exante's new blockchain platform, 'Stasis'
When it rains it pours.
In August, Estonia proposed its own state-backed digital asset, which would be called "estcoin". The small Eastern European nation said it was considering the launch of estcoin through an initial coin offering (ICO) — a crowdfunding method that has garnered much scrutiny in recent weeks.
And last month, Japan signaled the potential launch of its own digital currency, called J-Coin....

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