The President of Kazakhstan calls for the encryption reserves, the law of digital assets by 2026
Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, plans plans for AI in the country and digital assets, which include a strategic encrypted currency reserve.
In an annual title on Monday, Tokayev He said The government must create a “complete ecosystem for digital assets as soon as possible” as part of the efforts made “to find effective ways to increase the return of bank funds to the economy.
The country’s agency was proposed to regulate and develop the financial market to formulate a law in this sense to be passed before 2026.
National encoding plans were also on the president’s agenda:
“It is recommended to create a state fund for digital assets on the basis of an investment company in the National Bank. This structure will accumulate a strategic encoding of a promising assets in the new digital financial system.”
Tokayev’s announcement came about two months after the reports of the National Bank of Kazakhstan Consider the national encryption reserves Funding from the seized digital assets.
According to what was reported, many countries, including Brazil and Indonesia, were exploring ways to create a strategic digital assets reserve after creating an encrypted reserve that includes Bitcoin (BTC) And other digital assets under an executive order by President Donald Trump.
Related to: Brazil’s lower home to hold a hearing to establish the Bitcoin National Reserve
The next step in “encryption” plans in Kazakhstan?
In May, Tokayev said that the Kazakhstan government was planning this Establishing an experimental area The encryption can be used to pay the price of goods and services. At the time, reports speculated that the so -called “Cryptocity” in Alatau, a city with about 52,000 people in the southeast of Kazakhstan.
The president seemed to confirm these reports on Monday in his speech, saying that ASO will become “the first entire digital city in the region”, using encryption payments.
“This city will represent the future of Kazakhstan,” said Tokayev. “It should combine technological progress with the most suitable living conditions.”
https://www.youtube.com/watch?
Kazakhstan is one of the most important centers in the world in BTC mining, most likely due to its favorable organizational environment and low electricity costs.
However, the incentive for encryption – as the country represents about 13 % of the global bitcoin division at its peak – Lead To an increase in illegal operations and pressure on the country’s energy network.
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