Digital payment system of the Republic of Kazakhstan: risks and prospects

The development of payment systems is a continuous process that includes updating and updating all its elements and processes. In this article, the authors considered the issues of digitalization of the payment system of the Republic of Kazakhstan, and in particular, the possibility of creating and implementing a digital currency of the National Bank of the Republic of Kazakhstan. This measure will allow Kazakhstan to join the world experience in the use of crypto-technologies and digital assets. The key task is to be the first within the member countries of the Eurasian Economic Union. The history of digital money began with the invention of the Internet. In the early days, it was difficult to get the population used to using digital money. However, as people get used to technology, and digital technologies themselves become more secure and reliable, more and more users are ready to give preference to the use of digital money. As part of the study, the authors analyzed foreign experience in the creation and implementation of digital currencies, assessed the possible risks and prospects of this event. It is worth noting that Kazakhstan in 2020 for the first time got into the rating of the countries of the world in terms of cybersecurity. The initiative to digitalize the payment system and, in particular, payment technologies, is already giving a greater role to an effective cybersecurity strategy. Currently, the National Bank of the Republic of Kazakhstan, as part of the implementation of the program for the development of the national payment system until 2025, has already implemented a pilot project "Digital Tenge". The authors carried out a comparative analysis of the specific features and key differences between the digital tenge and other forms of the national currency of the Republic of Kazakhstan.

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