Kazakhstan to Move Reserve Wealth Into Crypto — Which Countries Showed Them the Way?
2025-07-15 04:44:44
Main Idea
Kazakhstan is considering moving part of its national wealth into cryptocurrencies, following the example of other sovereign funds, while also tightening oversight on unlicensed crypto activities.
Key Points
1. Kazakhstan studied global sovereign funds' crypto investments, including those from the US, Norway, and the Middle East, before deciding on its own exposure.
2. The country plans to fund its crypto reserve through state mining operations and seized crypto holdings.
3. Kazakhstan's crypto ambitions include tightening oversight on unlicensed activities, with new regulations proposed to control grey market assets.
4. The country became a significant player in Bitcoin mining after Chinese miners relocated there in 2021, handling over 27% of global mining activity at its peak.
5. Despite its crypto push, Kazakhstan remains cautious about volatility and regulatory risks.
Description
Kazakhstan is moving deeper into crypto, following the lead of sovereign funds in the US, Norway and the Middle East. It now plans to channel part of its gold and foreign exchange reserves, along with National Fund assets, into digital asset-related investments. The announcement came from National Bank Chairman Timur Suleimenov, who revealed at a recent press conference that Kazakhstan’s alternative portfolios will soon include exposure to crypto assets, local outlet Kursiv reported . These port...
Latest News
- TAC Mainnet Launch Integrates Ethereum DeFi with Telegram’s 1B+ User Base2025-07-15 12:01:20
- Why Is Crypto Down Today? – July 15, 20252025-07-15 11:15:43
- Crypto-Funded Super PAC Fairshake Raises $140M Ahead of Midterm Elections2025-07-15 11:14:53
- Hackers Drain $2.5M from Arcadia Finance on Base Blockchain – Here’s What Happened2025-07-15 10:58:08
- LA Sheriff’s Deputies Used Badges to Help Crypto ‘Godfather’ Extort Victims2025-07-15 09:19:44