The central bank of Kazakhstan has given the go-ahead for a project to issue crypto cards allowing users to spend digital coins where fiat is accepted. The pilot is part of a series of initiatives aimed at expanding cryptocurrency circulation in the country, including the issue of a stablecoin and the tokenization of assets. National Bank of Kazakhstan starts crypto cards project The monetary authority has announced the launch of a pilot that will provide citizens of the Central Asian Nation with the opportunity to spend their cryptocurrencies practically anywhere regular payment cards are accepted. The news came from a meeting in Almaty, Kazakhstan’s largest city, during which the central bank discussed upcoming projects to offer financial services based on digital assets with representatives of commercial banks, crypto exchanges and fintech companies. Participants reviewed the progress made in implementing President Kassym-Jomart Tokayev’s directive to develop the country’s digital asset industry. His order resulted from Astana’s decision to expand rather than restrict the circulation of cryptocurrencies. Discussions focused on the status of various projects to introduce financial services based on digital assets and to tokenize other assets. Officials also considered the integration of such assets into the traditional financial system and the development of relevant regulations. The crypto cards will be linked to wallets hosted by licensed providers of digital asset services like the cryptocurrency exchanges registered at the Astana International Financial Center (AIFC), the National Bank of Kazakhstan (NBK) explained in a press release. Thus, users will be able to make non-cash payments at merchants accepting fiat, using the balances of their crypto wallets. The digital coins will be instantly converted to local currency, and settlements will be processed by crypto platforms and commercial banks working together. The NBK insisted: $BTC