Kazakhstan may buy crypto using gold and foreign currency reserves
Kazakhstan’s central bank is considering using part of its gold and foreign exchange reserves to buy cryptocurrencies, according to Deputy Chairman Berik Sholpankulov. The move is aimed at establishing a state crypto reserve to diversify national assets and strengthen the country’s position in the digital economy.
Source Cryptopolitan
Officials suggested that the National Fund, which manages sovereign assets, could allocate a portion of its holdings in gold and foreign fiat toward digital assets. Confiscated crypto from criminal cases may also be added to the reserve.
The Ministry of Digital Development is exploring additional measures, including allowing state-owned enterprises to engage in cryptocurrency mining and energy-related…
