Kazakhstan’s crypto plans will soon take the lead of Norway, United States – Details

Key Points

1. Kazakhstan’s sovereign wealth fund is reportedly considering cryptocurrency-linked investments, influenced by nations like Norway, the U.S., and Middle Eastern economies.

2. National Bank Chairman Timur Suleimenov highlighted Kazakhstan’s interest in positioning itself within the evolving global crypto economy during a recent press conference.

3. Kazakhstan is developing 'CryptoCity,' a pilot zone introduced by President Kassym-Jomart Tokayev to test regulated crypto initiatives.

4. The country ranks 57th in Chainalysis’ 2024 Global Crypto Adoption Index, indicating progress in both crypto usage and infrastructure.