Kazakhstan’s central bank has established a portfolio of up to $350 million from its gold and foreign exchange reserves to invest in cryptocurrency assets. This initiative was announced by Governor Timur Suleimanov during a briefing on interest rates on Friday. The central bank is currently developing a list of instruments for investment, which extends beyond direct cryptocurrency holdings.

According to Suleimanov, the investment portfolio will include shares of high-tech companies associated with cryptocurrencies and digital financial assets. The central bank is also considering index funds and other instruments that mirror the dynamics of crypto assets. Deputy Chair Aliya Moldabekova indicated that the investments are slated…