The Central Bank of Kazakhstan established a regulatory agency NPC to be responsible for the development and implementation of CBDC

Odaily Planet Daily News The Central Bank of Kazakhstan (NBK) has established an independent entity to lead the development and implementation of the digital tenge. According to an official statement on September 15, the Kazakhstan Interbank Payment Center will be reorganized into the National Payments Corporation (NPC). The new agency will oversee the national payment system, including interbank clearing services, money transfers and digital identification, in addition to being responsible for the development of "digital financial infrastructure", including the implementation of the digital tenge. Development of the digital tenge began in February 2023, with a launch deadline set for 2025. Currently, Kazakhstan’s CBDC pilot is in the controlled environment pilot stage with real consumers and merchants participating. One of the main partners in the project is Binance, which supports the pilot through its technology solution BNB Chain. (Cointelegraph)