Another country in the world starts buying the dip in crypto? Kazakhstan 🇰🇿 is taking bigger actions than you think.

Ignoring the short-term fluctuations in coin prices, you will find a trend quietly taking shape: national teams are entering the crypto market, and Kazakhstan 🇰🇿 is truly investing big this time.

First, let's get to the core points:

1. Kazakhstan 🇰🇿 is dropping up to 300 million USD, but not directly buying BTC/ETH

• The funds come from the central bank's foreign exchange reserves;

• Priority investments include:

• Cryptocurrency ETFs

• Stocks of blockchain infrastructure companies

• The final amount range is between 50 million – 250 million USD, potentially going up to 300 million;

• As the market declines, they are even waiting for "more comfortable prices" to enter.

The potential core indicates:

It is not about betting on a single coin, but about betting on the long-term value of the entire blockchain industry.

2. Additional information: This is not Kazakhstan's first foray into crypto; it is a "national-level deep involvement."

To make this tweet more substantial, I have complemented it with Kazakhstan's recent actions in the crypto field over the past few years:

1️⃣ One of the top five Bitcoin mining countries in the world

• After China stopped large-scale mining, Kazakhstan's hash rate once rose to second in the world.

• To control mining, the country has specially established a "digital mining license" to bring mining from the gray area into regulation.

2️⃣ The government has launched a national-level "digital asset license" system

• Only licensed enterprises can open exchanges, provide custody, and conduct compliant mining.

• From 2022 to 2024, several exchanges have obtained legal licenses locally, including Binance approved as a "digital asset trading platform" operator.

3️⃣ The central bank is promoting CBDC (digital tenge)

• The digital tenge has entered the implementation stage and plans to link with Visa/Mastercard payment networks.

• On the surface, it is a central bank digital currency, but essentially it is paving the way for larger-scale on-chain finance in the future.

4️⃣ Pilot programs connecting banks to crypto trading

• Kazakhstan was one of the earliest countries globally to allow banks to pilot connect with crypto exchanges.

• Users can buy and sell crypto assets directly through bank accounts, with policies more aggressive than many developed countries.