Kazakhstan Completes First Crypto Purchase With Local Currency – Bitcoin Magazine

  • The first cryptocurrency purchase with Kazakhstan’s local currency has been completed.
  • Kazakhstan’s president says an additional lawsuit could lead to full legal recognition of digital assets.
  • The country will continue to run a pilot program this year to test demand and safety.

Kazakhstan’s first cryptocurrency purchase using its local currency, the tenge, took place today as the country considers “full legal recognition” of the asset class, according to a report from Inform Buro.

“At the site of the Astana International Financial Center, cryptocurrency conversion is already underway in a special pilot project,” said Kazakhstan’s President Kassym-Jomart Tokayev, speaking at the Digital Bridge 2022 international forum.

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