Kazakhstan Establishes State Crypto-Reserve With Seized Assets
Kazakhstan is making significant strides in the realm of digital assets with its latest initiative to establish a state crypto-reserve. This reserve will be funded through two primary sources: assets seized in criminal cases and proceeds from state-run mining operations. The National Bank of Kazakhstan, under the leadership of Chairman Timur Suleimenov, has pledged to manage this reserve with strict oversight to ensure security and transparency.
The National Bank’s approach to managing the crypto-reserve is characterized by a commitment to transparency and security. Suleimenov has emphasized the importance of adopting best practices from other sovereign wealth funds and crypto-reserves to ensure that the reserve is not vulnerable to…
