Kazakhstan President Announces State Crypto Fund and Smart City Digital Payments
The Central Asian nation is positioning itself as a leader in government cryptocurrency adoption.
Kazakhstan is making bold moves in the digital currency world. President Kassym-Jomart Tokayev recently announced plans to create a government-backed cryptocurrency fund and build the world’s first fully digital city where people can pay for everything with crypto.
This puts Kazakhstan ahead of larger countries that are still debating whether their governments should invest in digital assets.
Government Creates Strategic Crypto Reserve
Kazakhstan plans to establish a State Fund of Digital Assets through its National Bank’s Investment Corporation. This fund will collect what the president calls “promising assets” in the new digital…
