MoU to use blockchain technology for financial uplift in Kazakhstan

The Astana International Financial Centre (AIFC) the official fin-tech hub in Kazakhstan and the United Arab Emirates-based Fidor Solutions have come to sign a memorandum of understanding (MoU) for blockchain progress in the country.

The MoU covers the launch of fintech programs in Kazakhstan and promote economic development across Central Asia, reveals a press statement.

This MoU was signed in Nur-Sultan, during the launch of the Fintech Summit of the Astana Finance Days.

The AIFC is the official body dealing with financial-technology in Kazakhstan, and it was created by the first president of the Republic of Kazakhstan Nursultan Nazarbayev on 7 December 2015, to drive innovative financial and technology initiatives.

The organization AIFC focuses on research and development in new digital technologies in Kazakhstan. It has implemented accelerators and incubator programs and attracted partnerships and investments from leading fintech and VCs.

Kairat Kelimbetov, Governor of AIFC, expressed in the press statement

“AIFC has great ambitions for its fintech innovation programme that go beyond borders. We are proud to be growing our fintech network by signing an MoU with Fidor, a European fintech that has successfully developed internationally. Their contribution will be valuable to all our members and partners.” Read More Cryptopolitan...

#Blockchain #Kazakhistan

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