kasajistan

Add cryptocurrencies 🪙 to the National Treasury

The National Bank of Kazakhstan plans to integrate cryptocurrencies into sovereign reserves starting in early 2025

• President Timur Suleimenov will oversee the allocation of gold and foreign currency reserves to digital assets

• The initiative aims to diversify state holdings and position Kazakhstan in the trend of institutional adoption of cryptocurrencies

Key Factors Behind the Move

• Strategic diversification against the risks of currency depreciation

• Use of confiscated digital assets and state-backed mining operations

• Development of the regulatory zone CryptoCity as regulation against unauthorized exchanges intensifies

• Creation of a specialized subsidiary to manage alternative investments
#kasajistan