National Bank of Kazakhstan to Establish Cryptocurrency Reserve
2025-07-01 08:41:19
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
Latest News
- Robert Kiyosaki Buys More Bitcoin, Actively Loading up Before BTC Hits $1 Million2025-07-06 00:40:17
- Arthur Hayes Warns of $90K Bitcoin Dip Ahead of 10x Rally to $1M2025-07-05 23:32:03
- Ripple Unveils New Accelerator to Boost XRP Ledger Innovation in DeFi and AI2025-07-05 22:23:04
- Nano Labs Buys $50 Million in BNB, Grows Digital Reserve to $160 Million2025-07-05 21:26:34
- Janus Henderson Launches First Native Onchain AAA CLO Strategy2025-07-05 20:13:11