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Kazakhstan starts Bitcoin Banking

  • Thread starter Thread starter Yugocean
  • Start date Start date

Yugocean

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Not a complete banking, but a trail period, or say Pilot project that was approved in May in the country. Bank and Crypto exchanges togather are working in the project, recently Intebix exchange and Eurasian Bank completed first Bitcoin transaction. Other banks are now in line to join the project.

According to the terms set by Govt, pilot project is till the end of this year, and it's success only will decide Govt 's mood on crypto.

What do you think,?
 
Yugocean said:
Not a complete banking, but a trail period, or say Pilot project that was approved in May in the country. Bank and Crypto exchanges togather are working in the project, recently Intebix exchange and Eurasian Bank completed first Bitcoin transaction. Other banks are now in line to join the project.

According to the terms set by Govt, pilot project is till the end of this year, and it's success only will decide Govt 's mood on crypto.

What do you think,?
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This is fair enough by the government as they want to see the project succeed first before backing it up with their governmental policies. I think it is fair enough. Good post Mate. Cheers 👍.
 
How can banks and bitcoin come to terms when these are opposing ideas? Banks are centralized organizations, where as bitcoin is decentralized money.
 
Nomad said:
How can banks and bitcoin come to terms when these are opposing ideas? Banks are centralized organizations, where as bitcoin is decentralized money.
Click to expand...
It is possible for financial institutions like banks to integrate bitcoin services on their platforms and that was exactly what they did.
 
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