Kazakhstan Aimed To Defeat Corruption Using National Cryptocurrency

The Kazakh authorities are planning to release their own national cryptocurrency. With its help, the country wants to fight corruption.

Statement by top official Alik Shpekbayev

“First, it will speed up the decline in cash so bribe-friendly. Secondly, it will ensure full transparency of the movement of budgetary funds in public procurement,” Shpekbayev said.

The authorities of Kazakhstan vs cryptocurrencies

Recall in early summer, the President of the country approved a new regulation of the cryptocurrency industry in Kazakhstan.