Kazakhstan Plans National Crypto Reserve for Seized Assets
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Kazakhstan to build crypto reserve using seized assets for future security. The nation plans to invest gold and foreign reserves in crypto assets carefully. Kazakhstan also eyes national crypto bank alongside tighter crypto trading rules. Kazakhstan is taking new steps to strengthen its position in the crypto world. Recently, the country announced that it will create a national crypto reserve using confiscated digital assets. Timur Suleimenov, who is the head of the National Bank of Kazakhstan, presented this plan at a press conference. Kazakhstan to Invest Reserves in Crypto for Higher Returns Suleimenov stated that Kazakhstan will invest a portion of its foreign exchange reserves and gold reserves into crypto. This will also be used on the assets of the National Fund. He said the nation is interested in constructing a diversified portfolio. This portfolio aims to achieve higher investment returns through crypto assets. For example, Kazakhstan examined the experiences of other states, such as Norway, the United States, and those in the Middle East. These nations spend small shares of their national reserves on crypto assets, ETFs, or stakes in crypto-related firms. Based on this, Kazakhstan is now interested in experimenting with the same technique. But Suleimenov also issued a word of caution. According to him, crypto assets are highly volatile and can result in big profits. Thus, the National Bank will proceed carefully and will not be hasty. Moreover, the National Bank is interested in establishing a special state fund to store digital assets that are seized by law enforcement. This will require new infrastructure. Suleimenov also mentioned that in case state-owned companies mine crypto, some of it can go into the reserve as taxes or payments. This model is being used in other countries. Meanwhile, Kazakhstan is further strengthening regulations against illegal crypto trading. The sale and…
Filed under: News - @ July 15, 2025 11:28 pm