Kazakhstan Prepares for Potential $300 Million Crypto Investment
Kazakhstan's central bank is considering investing up to $300 million from its foreign-exchange reserves into cryptocurrency assets.Summary
The National Bank of Kazakhstan, through its chairman Timur Suleimenov, is planning to allocate up to $300 million from its gold and foreign-exchange reserves into a new portfolio segment focused on high-tech stocks and digital financial instruments. Suleimenov clarified that the full $300 million is a ceiling, and the actual investment could be significantly less, such as $50 million or $100 million, depending on market conditions. Due to the recent market pullback across digital assets, the bank intends to wait for conditions to stabilize before making any investment decisions. This initiative is part of a broader strategy to diversify the central bank's holdings beyond gold and securities, following a presidential instruction to create a strategic state reserve for digital assets.
(Source：BeInCrypto)