Alem Crypto Fund Launched: Kazakhstan has created a government-backed digital asset reserve called the Alem Crypto Fund[1][2]. It’s managed by Qazaqstan Venture Group under the Astana International Financial Centre (AIFC) framework, giving it a clear legal and regulatory footing [3][4].
First Asset is BNB: The fund’s inaugural purchase was Binance Coin (BNB) – the native token of the BNB Chain – in partnership with Binance Kazakhstan (a locally licensed arm of Binance) [5][6]. Officials have not disclosed the exact amount of BNB bought, but highlight that BNB’s utility (for transactions, fees, staking and governance) makes it a strategic choice [7][8].
Long-Term Crypto Reserves: Deputy Prime Minister Zhaslan Madiyev says…
