In brief
- Kazakhstan’s central bank could invest up to $350 million in crypto and related assets.
- The investments will comprise associated firms and financial products.
- The allocations could dovetail with Alatau City, a so-called smart city.
Kazakhstan’s central bank has earmarked $350 million for investments in the crypto, with plans to deploy capital as early as next month, Reuters reported on Friday.
“This includes not only cryptocurrency itself,” National Bank of Kazakhstan Governor Governor Timur Suleimenov reportedly said, while taking questions on the central bank’s latest interest rate decision. “We are currently developing a list of instruments in which we will invest.”
Derived from the Central Asian…
