Kazakhstan plans to create a state cryptocurrency reserve by 2026, valued between $500 million and $1 billion. The initiative will use assets seized from crimes and state-run mining operations to fund the reserve.
Instead of directly holding cryptocurrencies, Kazakhstan aims to invest in exchange-traded products and blockchain-based businesses. National Bank governor Timur Suleimenov said seized Bitcoin worth $106,112 will help form the foundation.
President Kassym-Jomart Tokayev has directed speedy implementation, aligning with new crypto regulations and licensing reforms to strengthen the country’s digital economy.
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