Kazakhstan’s central bank revealed plans to allocate up to $350 million from its gold and foreign exchange reserves to investments linked to cryptocurrencies and digital assets.
The bank’s governor, Timur Suleimanov, said the institution is developing a list of acceptable investments, which will extend beyond direct cryptocurrency holdings, according to a Reuters report on Friday.
The country became a major bitcoin mining hub after China’s 2021 mining ban pushed operators abroad. In 2025, Astana-based Fonte Capital introduced central Asia’s first spot bitcoin ETF (BETF), offering regulated, physically backed exposure to bitcoin.
The investment strategy is expected to include shares of high-tech companies connected to…
