Kazakhstan Plans $300 Million Crypto Reserve
Kazakhstan’s central bank is weighing a plan to invest up to $300 million in cryptocurrency assets.
On November 28, Timur Suleimenov, chairman of the National Bank of Kazakhstan, said the bank could allocate funds from the National Fund and its foreign-exchange reserves into crypto.
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Kazakhstan’s Central Bank Weighs Timing for Crypto Plan
However, he emphasized that the full amount may not be used.
“In the first stage, we’ll be managing gold and foreign exchange reserves. This is the same money that needs to be managed. Some of it is in gold, some in securities. Within this portfolio, a separate portfolio has already been created, focusing on investments in high-tech stocks and other financial instruments…
