National Bank of Kazakhstan to Establish Cryptocurrency Reserve
Main Idea
The National Bank of Kazakhstan plans to establish a cryptocurrency reserve, involving assets from state-participated companies, following a model similar to the U.S.
Key Points
1. Timur Suleimenov, chairman of the National Bank of Kazakhstan, announced the plan to form a cryptocurrency reserve.
2. The reserve will include assets from companies with state participation.
3. The initiative aims to mirror the approach currently taken by the U.S. in cryptocurrency investments.
4. Legislative amendments focused on cryptocurrency regulation were introduced in May.
Description
Timur Suleimenov, chairman of the National Bank of Kazakhstan, noted that the institution was considering the creation of such a reserve based on international practices, starting with expropriated cryptocurrency and mined assets from companies with state participation. Kazakhstan Will Have a Cryptocurrency Reserve, According to the National Bank Another country has decided to set up
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