{"id":2487,"date":"2017-06-15T00:26:40","date_gmt":"2017-06-15T00:26:40","guid":{"rendered":"https:\/\/holytransaction.com\/blog\/?p=2487"},"modified":"2017-06-15T00:26:40","modified_gmt":"2017-06-15T00:26:40","slug":"kazakhstans-blockchain-debt-notes","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2017\/06\/kazakhstans-blockchain-debt-notes.html","title":{"rendered":"Kazakhstan&#8217;s Central Bank to use Blockchain for Debt Notes"},"content":{"rendered":"<p>The <strong>National Bank of Kazakhstan<\/strong> announced it is looking to test blockchain technology in order to sell short-term <strong>debt notes<\/strong>.<\/p>\n<p>In an official statement published today, the Kazakhstan central bank revealed its plan to launch a new <strong>mobile app<\/strong> that to sell the short-term debt notes to investors\u2013 denominated in amounts worth 100 tenges (the national fiat currency) \u2013 <strong>without relying on third-party brokers<\/strong>.<\/p>\n<p>At the moment, this app is being tested within the bank, and its <strong>launch is expected by the end of 2017<\/strong>.<\/p>\n<p>In the long term, the Kazakhstan bank commented that the app could be used to make initial public offerings (IPOs) easier.<\/p>\n<p>Also, the financial institution explains it wants to work with the country&#8217;s banking industry on possible future versions and uses.<\/p>\n<p><em>&#8220;In this area, the project will continue to search for additional solutions, including the involvement of commercial banks,&#8221;<\/em> the statement explained.<\/p>\n<p>The Central Bank explained that it has been looking at the <strong>distributed ledger for potential applications<\/strong> since 2016.<\/p>\n<p>A few months ago, regional news source called <em>Tengri News<\/em> reported that officials were studying\u00a0possible blockchain use cases, especially those focused on payments.<\/p>\n<p><a href=\"https:\/\/holytransaction.com\/blog\/?s=bank&amp;submit=Search\">Read more<\/a> about blockchain-related projects developed by banks.<\/p>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The National Bank of Kazakhstan announced it is looking to test blockchain technology in order to sell short-term debt notes. In an official statement published today, the Kazakhstan central bank revealed its plan to launch a new mobile app that to sell the short-term debt notes to investors\u2013 denominated in amounts worth 100 tenges (the [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":2,"featured_media":2489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,101,468],"tags":[1426,744,1427,1425],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kazakhstan&#039;s Central Bank to use Blockchain for Debt Notes -<\/title>\n<meta name=\"description\" content=\"The National Kazakhstans Bank to test Blockchain technology for selling debt notes to investors. 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