PANews reported on November 7th, citing Bloomberg, that Kazakhstan is using assets seized and recovered from overseas to establish a national cryptocurrency reserve fund with a size between $500 million and $1 billion. Timur Suleimenov, Governor of the Central Bank of Kazakhstan, stated that the fund's investments will include ETFs and stocks of companies involved in digital currencies. In an interview with Bloomberg in London on Wednesday, he said the fund will be "very cautious about direct investments in cryptocurrencies." He added, "I think by the end of this year, or January next year, we will have this fund operational; all parties are ready." Previous reports indicated that Kazakhstan launched a national cryptocurrency reserve fund, with its first investment in BNB ; the Central Bank of Kazakhstan is also considering using its gold and foreign exchange reserves to purchase cryptocurrencies .PANews reported on November 7th, citing Bloomberg, that Kazakhstan is using assets seized and recovered from overseas to establish a national cryptocurrency reserve fund with a size between $500 million and $1 billion. Timur Suleimenov, Governor of the Central Bank of Kazakhstan, stated that the fund's investments will include ETFs and stocks of companies involved in digital currencies. In an interview with Bloomberg in London on Wednesday, he said the fund will be "very cautious about direct investments in cryptocurrencies." He added, "I think by the end of this year, or January next year, we will have this fund operational; all parties are ready." Previous reports indicated that Kazakhstan launched a national cryptocurrency reserve fund, with its first investment in BNB ; the Central Bank of Kazakhstan is also considering using its gold and foreign exchange reserves to purchase cryptocurrencies .
Kazakhstan's crypto asset fund aims to reach a scale of $500 million to $1 billion by seizing wallets.
PANews reported on November 7th, citing Bloomberg, that Kazakhstan is using assets seized and recovered from overseas to establish a national cryptocurrency reserve fund with a size between $500 million and $1 billion. Timur Suleimenov, Governor of the Central Bank of Kazakhstan, stated that the fund's investments will include ETFs and stocks of companies involved in digital currencies. In an interview with Bloomberg in London on Wednesday, he said the fund will be "very cautious about direct investments in cryptocurrencies." He added, "I think by the end of this year, or January next year, we will have this fund operational; all parties are ready."
Previous reports indicated that Kazakhstan launched a national cryptocurrency reserve fund, with its first investment in BNB ; the Central Bank of Kazakhstan is also considering using its gold and foreign exchange reserves to purchase cryptocurrencies .
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Earn every day: Oak Mining makes crypto mining simple and rewarding
Oak Mining makes cloud mining simple and accessible, allowing anyone to earn from Bitcoin and Dogecoin without managing hardware or paying extra fees. #sponsored
Share
Crypto.news2025/11/07 20:47
Bittrex bankruptcy: $500M of fabricated transactions in filings
Bittrex bankruptcy filings show that the company’s U.S. arm disclosed thousands of flagged crypto transfers in court papers, according to reporting by DL News. What do the Bittrex bankruptcy filings reveal about suspicious transactions? The Chapter 11 docket contains references to a very large set of flagged transfers, internal reports, and compliance alerts. Journalists reviewing […]
Share
The Cryptonomist2025/11/07 18:39
Grayscale Explains the Reason for the Unstoppable Rise of the Most Talked-about Altcoin of Recent Days!
Grayscale analyzed the drivers behind the rise of privacy-focused altcoin ZCash (ZEC) in its latest report. Continue Reading: Grayscale Explains the Reason for the Unstoppable Rise of the Most Talked-about Altcoin of Recent Days!
Share
Coinstats2025/11/07 21:10