#BTC ➡️ Kazakhstan's National Bank Plans Cryptocurrency Reserve

💡 The National Bank of Kazakhstan is considering the establishment of a cryptocurrency reserve as part of its institutional strategy. Timur Suleimenov, the bank's chairman, emphasized that the reserve's formation would be based on international practices, starting with expropriated cryptocurrencies and mined assets from state-participating companies.

🔍 Local reports reveal that the National Bank is thoroughly studying the formation and management of this reserve, including its development through the bank's affiliate. Suleimenov assured that the national crypto reserve would adhere to principles of accounting and management transparency while ensuring asset safety.

🌍 Although specific strategies for acquiring digital assets were not detailed, Suleimenov indicated that the bank would likely follow international practices. This approach would resemble that of the U.S., which accumulates cryptocurrency assets without directly using taxpayer funds. He also stressed the importance of centralizing asset management due to potential security threats.

📈 Suleimenov mentioned that additional methods for expanding the reserve could be developed by state institutions or through new legislation. In May, Kazakhstan introduced a series of legislative amendments aimed at regulating cryptocurrency activities. The country has shown a willingness to embrace crypto-based public initiatives, including plans for a national stablecoin and tokenization of digital assets.