In a notable move on the global financial stage, Timur Sleymanov, the governor of the National Bank of Kazakhstan 🏦, announced that his country is working on establishing a national reserve of cryptocurrencies, led by Bitcoin ⚡.
Sleymanov explained that this reserve will be developed and managed through a specialized subsidiary focused on alternative investments, and will be funded from confiscated digital assets and cryptocurrency mining activities within a well-planned government project 🔧🪙.
📅 In a parliamentary session on June 30, 2025, the governor emphasized the importance of a centralized and institutional approach to ensure transparency 🔍, credibility ✅, and cybersecurity 🔐, while adhering to the best international practices in sovereign wealth fund management 🌍📊.
He also confirmed the bank's readiness to cooperate with the parliament to establish a comprehensive legal framework that regulates dealings with crypto assets and defines the mechanisms for formation, deposit, and withdrawal from this anticipated reserve.
📈 Kazakhstan is moving steadily towards a digital future... Will it be one of the first countries to build a digital economy on encrypted foundations?