Kazakhstan's central bank intends to sell short-term notes to retail investors using a blockchain technology-based mobile application, the central bank said on June 13.
The plans are part of the national lender's approach to simplifying securities trading in the Central Asian nation. The central bank added that the new method could be adopted in future for the placement of other securities, including IPOs targeted at retail investors.
Investors will be given an option to directly buy notes with a face value of KZT100 ($0.3) without any commission and brokers involved. The new system is set to launch in the second half of this year.
The central bank issues short-term notes bought by banks and funds on a daily basis with maturities ranging between one week and one year.
The stock of government bonds held by households rose by HUF154bn (€500mn) September to an all-time high of HUF6.5 trillion, Hungary’s Government Debt Management Agency (AKK) said on October 16. ... more
The National Bank of Ukraine (NBU) has forbidden local banks and the country's financial institutions to perform any cash transactions using the new banknotes and coins issued by the Russian central ... more
Turkey's President Recep Tayyip Erdogan said on October 13 that he plans to hold talks with both public and private lenders on how to lower interest rates. He did not say, however, when those ... more