Kazakhstan eyes crypto future with national reserve
Kazakhstan is moving to establish a state-backed crypto reserve as part of its wider plan to embed digital assets into the national economy.
President Kassym-Jomart Tokayev gave the directive this week, saying the initiative reflects the country’s need to adapt its financial system to new technological realities.
According to Tokayev, the proposed State Fund for digital assets will be managed under the National Bank’s investment arm. He explained that the reserve will prioritize “the most promising assets of the new digital financial system,” signaling a long-term bet on crypto adoption.
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The initiative builds on earlier efforts to accelerate Kazakhstan’s role in digital finance and integrate blockchain technology into public…
