Kazakhstan CBDC to Finance Railway Line Construction to China
CryptoNewsTerminal Staff19 Jul, 2024
Kazakhstan CBDC to Finance Railway Line Construction to China
Kazakhstan is piloting the use of its central bank digital currency (CBDC), the digital tenge, to pay for the construction of a railway line to China. The project will finance the expansion of a railway line from Moynty in Kazakhstan to the Chinese border. This is the second project to use the CBDC, which officials say will provide greater transparency and efficiency.