Kazakhstan Completes First Crypto Purchase With Local Currency – Bitcoin Magazine

  • The first purchase of cryptocurrency with Kazakhstan’s local currency has been finalized.
  • The President of Kazakhstan says further demand could likely result in full legal recognition of digital assets.
  • The country will continue running a pilot program through this year to test demand and security.

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

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