Kazakhstan Plans Crypto Reserve Made of Mined Crypto
Key Notes
- Kazakhstan will establish a state crypto-reserve managed by its National Bank.
- The move follows broader Asian trends in sovereign Bitcoin reserves.
- Solana recently partnered with Kazakhstan to support blockchain startups and tokenization.
Kazakhstan’s National Bank Chairman, Timur Suleimenov, has announced plans to establish a state crypto-reserve. This marks another major step in the Central Asian nation’s growing involvement in the digital asset sector.
The reserve will potentially be managed by an affiliate of the National Bank and could be funded by confiscated crypto-assets and crypto mined with state participation.
Suleimenov further explained that Kazakhstan will ensure the safety and…
