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Kazakhstan eyes of coding reserves, quoting


According to the sovereign wealth fund in Kazakhstan, the cryptocurrency is the category of viable assets to be included in the national reserves in the country, with drawing lessons in the central bank from the allocation strategies used in Norway, the United States and the Middle East.

according to CersifAnd it is the local media outlet registered with the Ministry of Information in Kazakhstan, the country plans to invest a part of its gold and soldiers-as well as the assets that the sovereign wealth fund maintains-in encryption tools.

Kirisif Timor Soliminov, President of the National Bank of Kazakhstan, who said at a press conference that the central bank explores “aggressive strategies for [generate] The high investment income “, which” does not rule out “allocate part of his holdings to coding funds.

SULEIMENOV referred to The sovereign wealth fund in NorwayAnd the initiatives of the US government’s digital assets and initiatives in the Middle East as possible models.

These authorities “have some investments either in the encryption assets directly or in [exchange-traded funds] Selunnov said that the shares of companies related to the assets of encryption were closely related.

The Central Bank President also stated that Kazakhstan aims to create a national reserve for encryption assets using the digital assets confiscated by law enforcement agencies.

Timor Selimnov speaks at a conference hosted by the International Monetary Fund in 2025. Source: International Monetary Fund

The invasion of the Kazakhsta government in digital assets is not unexpected, like SULEIMENOV has already announced plans To develop a national encryption reserve.

However, his recent comments provide a broader view of the strategy, including the potential allocation of part of the country’s gold reserves and foreign soldiers in encryption assets.

Related to: Kazakhstan to launch an experimental area for encryption for payments and adoption

Kazakhstan’s organizational batch to become a regional encryption leader

In addition to managing the country -controlled encryption, Kazakhstan expands its presence in the digital assets sector.

The government recently launched an experimental area to support digital asset payments and broader adoption, which is part of a broader strategy that started with the launch of its digital bank’s digital currency, Digital tingNovember 2023.

These initiatives are in line with Kazakhstan’s ambition The pioneering encryption center in Asia in AsiaAccording to the Minister of Digital Development Kanch Toulion.

However, despite the strong organizational and infrastructure efforts, the dependence of the local or retail level remains limited.

Kazakhstan is still behind many other countries in terms of adopting retail sale. source: series

According to the 2024 global encryption index, Kazakhstan ranked 57 out of 151 countries, based on transactions sizes, web traffic to encryption protocols and other activity standards.

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