The National Bank of Kazakhstan has announced it is testing a mobile app to enable investors to buy and sell short-term debt obligations using blockchain — the same technology underlying cryptocurrencies like BitCoin.
The National Bank said in a statement that the app would allow people to complete the transactions without having to go through a broker or pay taxes and commission fees.
At the moment, the app is still in beta, but the regulator plans to make the product available to the public in the second half of the year. Eventually, similar solutions could be used for other investments, like the shares being rolled out for sale as part of the long-standing, government-organized IPO, the National Bank said.
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