The AIFC Green Finance Centre Ltd. has signed a Memorandum of Understanding with the Technology firm "Acash Systems", within the framework of which cooperation has been established on the development and release of a "green" cryptocurrency based on "green" technologies.
The Memorandum provides for joint measures to attract green investments to finance the construction of a solar power station in the Turkestan region, the generated electricity of which will be used for the production of "green" cryptocurrency. "Green" tokens should become an alternative to energy-intensive bitcoin.
As you know, for mining cryptocurrencies, fuel is increasingly used, especially coal, which emits more than any other fuel. Thanks to the development of the renewable energy market, crypto farms will be able to mine and transfer cryptocurrencies using "green" energy, which will lead to a direct opportunity to reduce the carbon footprint on the environment.
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The Astana International Financial Centre was created by the initiative of the First President of the Republic of Kazakhstan, Leader of the Nation, Nur-Sultan Nazarbayev as part of the “100 steps to implement five institutional reforms” national program. The Centre’s development strategy until 2025 was approved by the Management council of the AIFC during the council’s meeting on July 2, 2020. In accordance with the strategy, the vision of AIFC is in becoming the leading financial centre in the region that includes Central Asia, the Caucasus, EAEU countries, western China, Mongolia, and Eastern Europe.
The AIFC Green Finance Centre is an AIFC Organisation created to enable the development of green finance in Kazakhstan and Central Asia. The main goal is to bring investments to sustainable economy through trending financial instruments, such as green and social bonds. In addition to that, the AIFC Green Finance Centre, being a regional think-tank, provides strategic and business consulting in green finance and sustainable development to Governments, quasi-state organisations and entrepreneurs. The Centre provides initial assistance to potential issuers, investors and market players on preparations for the issuance of green bonds on the AIFC Exchange (Astana International Exchange).
Technology company Acash Systems is a technology company with a competitive focus on high-computing engineering with the introduction of energy-efficient sustainable development technologies.
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