in the announcement central bank of Kazakhstan said they are planning to pilot central bank currency they are planning to introduce a new legal digital tenge. tenge is their basic monetary unit which is equal to 100 teins ($0.23). but before issuing it is necessary to conduct a deep study on the issuing and uses of digital currency and this study is necessary for legal work and they are working on it. many other central banks also taking similar experiments. japan central bank taking experiments on issuance, redemption, and distribution of digital currency and Norges bank starts to testing technical solution at the same time chines has started digital yuan and testing that method in which they can freely trade with other currencies.
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