ASTANA, Kazakhstan, June 24. Kazakhstan ranks among the top 30 countries in terms of digitalization, according to the UN, said Kazakhstan’s President Kassym-Jomart Tokayev during the 37th plenary session of the Foreign Investors Council, Trend reports.
As articulated by the president, there has been a quadrupling in
the proliferation of fintech enterprises since 2018, with an excess
of 4,000 stakeholders, encompassing cryptocurrency exchanges and
payment service providers, duly registered under the auspices of
the AIFC (Astana International Financial Centre). The president
extended an invitation to global stakeholders to synergize in the
advancement of digital ecosystems and artificial intelligence
frameworks.
“The AIFC occupies the premier position in Eastern Europe and
Central Asia according to the Global Financial Centres Index,
establishing itself as a frontrunner in the domains of sustainable
finance and digital financial innovation.” Over 89 percent of all
transactional activities in Kazakhstan are now executed through
cashless mechanisms, with mobile banking engagement experiencing an
exponential growth of over 460 percent in the last quadrennial
period. We are strategizing to establish a groundbreaking pilot
initiative dubbed CryptoCity, wherein digital currencies will
facilitate the acquisition of commodities, services, and ancillary
functionalities. The evolution of artificial intelligence
encompasses significant strategic implications for our nation,” the
president articulated.
In summation, President Tokayev articulated a robust assurance that
enduring, synergistic collaboration between the public sector and
private enterprises will be instrumental in fostering sustainable
and inclusive economic advancement.
Stay up-to-date with more news on Trend News Agency's WhatsApp channel