Kazakhstan Signs Innovation Agreement, Strive to Become “Block Chain Singapore”


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nnThe Kazakh authorities have signed a memorandum of understanding with Deloitte, Waves and Kesarev Consulting to study the application of block chain technology at the government level. The government also strongly supports the development of block-chain technology in other areas, hoping to enhance the country’s creativity and competitiveness as a “chain” in the chain area.n
nnTranslated by: Inan
nKazakhstan is working with Deloitte, a chain-chain company, Waves, to explore how block-chain technology works in the government.n
nIts just-published press release says Kazakhstan wants to become the second country to recognize the need to develop a digital money market system from the government level after Japan.n
n”Signing a memorandum with partners on the development of a digital money market on the basis of the Astana International Finance Center is the first step in the establishment of a digital economy in Kazakhstan,” said Natalia Sheiko, a partner at Kesarev Consulting.n
nKesarev, Waves and Deloitte CIS have signed a memorandum with the Kazakhstan authorities to carry out research work and have set up a dedicated working group.n
nThe project is based on Astana, will use the British legal system and an innovative sandbox, Kazakhstan will no doubt in the block chain competition to avoid neighboring countries.n
n”We are pleased that the Kazakh authorities are working to create the most favorable conditions for the development of block chain technology,” commented Sasha Ivanov, founder and CEO of Waves.n
nn”We believe that the outcome of this working group will attract new investors to Kazakhstan and will help the country become the ‘Singapore’ in the chain area.n
nnLast month, the Central Bank of Kazakhstan announced that it would sell the chain-based bonds to investors through mobile applications. The plan will become a reality in the second half of this year.n

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