ASTANA – The National Bank of Kazakhstan has begun forming a portfolio of crypto-related investments and plans to allocate up to $350 million from its gold and foreign exchange reserves into the national crypto reserve, said National Bank Governor Timur Suleimenov at a March 6 press briefing. He described the move as part of a broader effort to adapt the country’s reserves strategy to the growing role of digital assets in global finance.

From L to R: Deputy Governor Akylzhan Baimagambetov; Timur Suleimenov and Deputy Governor Aliya Moldabekova. Photo credit: Nargiz Raimbekova/ The Astana Times

Responding to a question about the progress of Kazakhstan’s proposed crypto reserve, Suleimenov said the initiative stems from…