Kazakhstan weighs adding crypto to national reserves
A new state crypto treasury may soon hold confiscated digital assets in Kazakhstan, backed by secure infrastructure.
Kazakhstan may soon join the list of nations incorporating crypto into their national reserves. The National Bank may convert part of its gold and currency reserves into digital assets under a broader alternative investment strategy.
Timur Suleimenov, head of the National Bank, stated that crypto remains a volatile but potentially high-return investment. Inspired by international trends, including the rise of crypto ETFs and treasury firms, Kazakhstan has not ruled out allocating funds to crypto in the near future.
Plans are also underway to establish a national crypto treasury, which would store digital assets seized by law enforcement. To support this, the country will develop secure infrastructure, possibly involving cold wallet storage.
Authorities are even considering state-led crypto mining, where a portion of mined coins would be directed into national reserves. However, the government still intends to impose strong regulations, particularly against grey market activity not subject to taxation or oversight.
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