The National Bank of Kazakhstan (NBK) stated that it is considering transferring part of the national reserves, including gold and foreign currency, to invest in cryptocurrency. NBK Vice Chairman Berik Sholpankulov mentioned that the government is establishing a national crypto reserve fund, in which cryptoassets confiscated from criminal cases will be used as the main source. Additionally, state-owned enterprises may participate in contributing or crypto mining, while also providing energy for private mining companies and receiving payments in crypto.
This move aims to diversify the national reserves, reduce dependence on global commodity fluctuations, and strengthen Kazakhstan's position as a regional crypto center. The crypto reserve fund approved by President Kassym-Jomart Tokayev in September marks a new step in the national financial strategy.
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