Kazakh Gov Plans to Double Its Investment in Digital Currency Mining

[Tnoy30]

Kazakhstan says it will double its digital currency mining investment at the end of this year, and is eyeing a CBDC.
Kazakhstan officials revealed the nation’s digital currency development plan to experts from Russia and China at "2020 Astana Online Financial Day". According to the China Ministry of Commerce on July 1, Kazakhstan plans to double its digital currency mining investment by the end of this year, and continues to develop its central bank digital currency.

According to the report, Kazakhstan's digital currency mining project attracted 82.6 million Tenge, which is about 20 million USD. The scale of this investment will increase by 80 million Tenge in 2020.
Read on: https://cointelegraph.com/news/kazakh-gov-plans-to-double-its-investment-in-digital-currency-mining

[Senin]

In the near future, it should be expected that most states will issue their own national stable coins. This will reduce the cost and speed up the circulation of their national currencies. The government of Kazakhstan has already understood the benefits of using its digitized currencies.
What surprises me a bit is that it is the government that doubles investments in cryptocurrency mining. This is usually done by private business.

[TomPluz]

In the near future, it should be expected that most states will issue their own national stable coins. This will reduce the cost and speed up the circulation of their national currencies. The government of Kazakhstan has already understood the benefits of using its digitized currencies.
What surprises me a bit is that it is the government that doubles investments in cryptocurrency mining. This is usually done by private business.

Maybe this is with cooperation of private businesses and the government is just doing its job of promoting and approving projects as they know that this can be a big source of foreign currency. This country has a vision of the future of cryptocurrency and it wanna be ahead of the pack, so to speak. Of course, there will be problems along the way but the benefits outweighs the possible risks.