Kazakhstan Sets Up National Payment Corporation To Lead CBDC Efforts

• The National Bank of Kazakhstan has announced the creation of the National Payment Corporation (NPC) to oversee the implementation of digital financial infrastructure and the digital tenge.
• The NPC will also supervise the National Payment Systems, Digital identifications, Interbank money clearing and transfers.
• The restructuring aims to improve the efficiency and security of the country's payment architecture and develop digital infrastructure services.
• Kazakhstan has been working towards launching its Central Bank Digital Currency (CBDC) and has conducted pilots with selected merchants and consumers in partnership with Binance.
• The country has seen increasing adoption of cryptocurrencies and Bitcoin mining, but recent developments have led to changes in policy, including limiting energy usage for crypto miners and tweaking the tax regime in the industry.
• Financial authorities have also released statements on assets custody following the fall of FTX, with a focus on CBDCs.

The article provides a neutral tone, presenting information about the creation of the National Payment Corporation and developments in Kazakhstan's cryptocurrency and digital infrastructure initiatives.