National Bank of the Kyrgyz Republic

04/23/2024 | Press release | Distributed by Public on 04/23/2024 05:59

On April 19, 2024, the 'Digital Som' project team, based on the results of proposals received from central bank digital currency (CBDC) vendors/developers in response to the[...]

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Creation date: 2024-04-23

On April 19, 2024, the "Digital Som" project team, based on the results of proposals received from central bank digital currency (CBDC) vendors/developers in response to the request for information with Functional and Technical Requirements for the prototype of the digital som, presented information on companies, technological solutions, functional capabilities and results of evaluation and self-assessment, according to the criteria for selection of CBDC vendors, to the Steering Committee on Digital Som of the National Bank (hereinafter referred to as the Steering Committee) for consideration.

At the meeting of the Steering Committee, the "Digital Som" project group also demonstrated a demo version of the digital som on the (blockchain) platform of one of the providers of CBDC. The "Digital Som" project team will continue further work on research, analysis of proposals, as well as negotiations with CBDC providers within the framework of the project.