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The National Bank of Kazakhstan announced plans to invest up to $300 million in cryptocurrency assets, marking a significant step toward digital asset adoption by the Central Asian nation. The investment will come from the country’s gold and foreign exchange reserves rather than its sovereign wealth fund. National Bank Chairman Timur Suleimenov revealed the plan during a November 28 briefing, stating that a dedicated crypto reserve has already been established within the bank’s alternative investment portfolio. The announcement comes as global cryptocurrency markets face significant volatility, with Bitcoin dropping 17% to $81,000 in November. Cautious Approach Amid Market Turbulence The central bank emphasized a measured strategy rather than rushing into digital asset investments. Suleimenov explained that the regulator would only invest when suitable market conditions and profitable assets become available. The investment amount remains flexible based on market conditions. Initial exposure could be limited to $50 million, with potential scaling to $100 million or $250 million before reaching the maximum $300 million threshold. This graduated approach reflects the bank’s awareness of cryptocurrency market volatility. Source: rbc “We need to let the dust settle before making investment decisions,” Suleimenov stated, referencing the recent crypto market downturn that saw over $500 billion wiped from total market capitalization in November alone. Strategic Reserve Diversification The crypto investment represents part of Kazakhstan’s broader reserve diversification strategy. The funds will target high-tech equities and financial instruments linked to digital assets rather than direct cryptocurrency holdings. Kazakhstan’s total international reserves reached $104.7 billion, with gold and foreign exchange reserves growing 27.5% in 2024 to $45.8 billion. The country sold 10 tonnes of gold in 2024 while maintaining rights to purchase domestically-mined gold, demonstrating experience managing alternative assets beyond traditional currencies. The $300 million crypto investment operates separately from Kazakhstan’s National Fund, which holds about $60 billion…

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Filed under: News - @ November 30, 2025 9:23 pm