Kazakhstan’s central bank has set aside $350 million to invest in the crypto sector, with plans to begin deploying the funds as early as next month, according to a Reuters report on Friday.

Speaking at an interest rate briefing in Almaty, Governor Timur Suleimenov said the National Bank of Kazakhstan is compiling a list of eligible investments that will go beyond direct cryptocurrency holdings.

“We are currently developing a list of instruments in which we will invest. This includes not only cryptocurrency itself,” Suleimenov opined.

He added that the National Bank of Kazakhstan is also exploring investments in shares of high-tech companies connected to crypto and…