Deep Tide TechFlow news, on July 14, according to Kazakhstan media Kursiv, Kazakhstan National Bank Governor Timur Suleimenov stated that the country is considering investing part of its foreign exchange reserves and national fund assets in cryptocurrency.
Suleimenov revealed at a press conference that Kazakhstan has an 'alternative investment portfolio' of foreign exchange reserves and national funds that can be used to implement more aggressive investment strategies. He stated that he has studied the experiences of the Norwegian fund, American, and Middle Eastern funds, which have directly invested in cryptocurrency or related ETFs and company stocks.
The National Bank 'does not rule out' investing part of the alternative investment portfolio in funds related to the cryptocurrency industry, but emphasizes that this is a complex issue that requires caution, as such assets may offer high returns but also come with high volatility. In addition, Kazakhstan plans to establish a national cryptocurrency reserve for storing digital assets seized by law enforcement agencies and may accept tax payments or mandatory contributions made in cryptocurrency.