Kazakhstan wealth fund, gold, FX reserves to be invested in crypto — Report
2025-07-14 19:45:29
Main Idea
Kazakhstan's sovereign wealth fund and central bank are exploring cryptocurrency investments, drawing on strategies from Norway, the US, and the Middle East, as part of its push to become a regional crypto leader.
Key Points
1. Kazakhstan’s central bank is developing a crypto strategy by studying allocation methods from Norway, the US, and the Middle East.
2. The National Bank of Kazakhstan, led by Timur Suleimenov, is considering crypto-related instruments to generate higher investment income.
3. Kazakhstan aims to become Central Asia’s leading crypto hub, though its retail crypto adoption currently ranks 57th globally.
4. The country’s regulatory efforts include managing state-held crypto assets and launching a crypto pilot zone for payments.
Description
Kazakhstan’s central bank is drawing on lessons from Norway, the US and Middle East in developing its crypto strategy.
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