Techub News reports that according to the Kazakh media Kursiv, the Governor of the National Bank of Kazakhstan, Timur Suleimenov, stated that the country plans to invest its gold foreign exchange reserves and national fund assets in cryptocurrency. He reminded that such assets have high returns but also high volatility, and one should not act hastily. In addition, Kazakhstan hopes to establish a national reserve of cryptocurrency to store confiscated digital assets. If individual enterprises represent the state in mining cryptocurrency, part of the assets may enter the crypto reserve in the form of taxes or mandatory payments. There have been similar cases in international practice.

 

Techub News previously reported that Suleimenov stated that Kazakhstan plans to establish a national cryptocurrency reserve.