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Kazakhstan plans to establish a cryptocurrency asset reserve fund of 500 million to 1 billion dollars.
[Kazakhstan Plans to Establish a Crypto Assets Reserve Fund of $500 Million to $1 Billion] Kazakhstan is establishing a national Crypto Assets reserve fund worth $500 million to $1 billion, with part of the funding sourced from assets seized and repatriated from abroad. Central Bank Governor Timur Suleimenov stated that the fund's investments will include ETFs and stocks of companies involved in Digital Money operations. In an interview, he mentioned that the fund will be “very cautious about directly holding Crypto Assets.” Suleimenov revealed that the fund is expected to officially start operations by the end of this year or in January next year.