Kazakhstan’s central bank is exploring the use of gold and foreign currency reserves to purchase cryptocurrencies as part of a plan to create a state crypto reserve, Deputy Chairman Berik Sholpankulov said. The initiative aims to diversify the country’s sovereign assets and strengthen its foothold in the global digital economy.
Officials have proposed that the National Fund — which manages sovereign wealth — could allocate a portion of its gold and foreign fiat assets into crypto holdings. Confiscated digital assets from criminal proceedings may also be added to the reserve.
Meanwhile, the Ministry of Digital Development is considering allowing state-owned companies to mine crypto and provide energy services to blockchain operators. These efforts underline Kazakhstan’s growing commitment to integrating crypto into its long-term economic and financial strategy.
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