Kazakhstan To Create National Crypto Reserve Using Seized And State-Mined Coins
Kazakhstan’s National Bank is actively developing a framework to establish a state cryptocurrency reserve, financing the initiative with assets confiscated in criminal cases and coins mined by state-owned operations.
The nation’s central bank governor, Timur Suleimenov, stated that the reserve could be managed by a specialized subsidiary focused on alternative investments, according to a report by the government news agency Kazinform.
Kazakhstan is formulating rules that follow sovereign-wealth best practices, including a single-manager setup, transparent books, and audited, secure storage. Suleimenov asserted that a single custodian protects public assets from the market’s wild swings and security breaches. He anticipates…
