Kazakhstan Eyes Crypto for State Reserves in Bold New Plan
The National Bank of Kazakhstan (NBK) is exploring how alternative assets may aid the country’s economy.
Kazakhstan’s idea for a reserve is yet another example of its growing crypto adoption, as the nation has been involved in the mining scene for a while, and with the most recent plans for a “CryptoCity.”
What Will Be Included?
According to a press release from the local news outlet Kursiv, NBK is evaluating the inclusion of digital assets in its sovereign and foreign currency reserves.
The governor of the bank, Timur Suleimenov, shared his thoughts during a press conference, citing the example from other countries:
“We have an alternative portfolio of gold and foreign exchange reserves and an alternative…
