According to him, the relevant law will come into effect on the specified date, officially launching the digital som into circulation. Currently, the National Bank continues to work with partners on project implementation. The digital som is a digital version of the national currency issued by the National Bank. It is a legal tender, where one digital som is equal to one cash.
As the digital currency is backed by the regulator's guarantees, the possibility of funds redemption is provided. Furthermore, Kozubekov stated that detailed information on the pilot project implementation will be presented this year. This project remains one of the key priorities for the regulator, reported by oz.inform.kz.
