Kazakhstan to create $500 million to $1 billion national crypto reserve fund
Crypto Briefing
Kazakhstan plans to establish a $500 million to $1 billion national crypto reserve fund to diversify its economy.Summary
Kazakhstan is planning to establish a national crypto reserve fund with a value between $500 million and $1 billion as part of its strategy to diversify its economy away from oil dependence. The fund will seek exposure to digital assets, such as Bitcoin, by investing in crypto-related companies and exchange-traded funds (ETFs). The deputy central bank governor confirmed the initiative, noting that the central bank is considering channeling parts of its existing gold and foreign exchange reserves into these crypto assets. This approach aims to provide indirect exposure to digital assets through established investment vehicles rather than direct holdings.
(Source：Crypto Briefing)