Kazakhstan Plans to Launch State Crypto Reserve Under New Legal Framework
2025-06-30 17:36:08
Main Idea
Kazakhstan plans to establish a state crypto reserve under a new legal framework, as announced by National Bank Chairman Timur Suleimenov, while also tightening regulations on crypto ads and consumer protection.
Key Points
1. Kazakhstan will establish a state crypto reserve, pending legal reforms to support its development and functioning.
2. The reserve may be funded from seized crypto-assets by the state or foreign sources, as suggested by Suleimenov.
3. Kazakhstan's legislation must be updated to progress the project, with the National Bank ready to collaborate.
4. Kazakhstan has imposed a ban on unlicensed crypto transactions and blocked nearly 15,800 illegal transactions worth $3.07 million in Q1 2025.
5. The Solana Foundation has partnered with Kazakhstan’s Ministry of Digital Development to promote crypto learning.
Description
Kazakhstan Plans to Establish State Crypto Reserve Amid Legal Reform Kazakhstan will establish a state crypto reserve, National Bank Chairman Timur Suleimenov announced. However, the move is pending the legal reform necessary to support its development and functioning. State-Mined and Seized Crypto to Support Reserve Suleimenov explained that the reserve may be worked within an expert body within the National Bank and funded from seized crypto-assets by the state or mined by state-controlled ope...
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