Kazakhstan Builds First-Ever National Crypto Reserve
7
2
BTCCSquare news:
Kazakhstan's National Bank has unveiled plans to establish a state-backed crypto asset reserve, marking a significant step toward sovereign digital asset adoption. Chairman Timur Suleimenov confirmed the initiative on June 28, highlighting the need for international best practices in transparency and security.
The MOVE addresses volatility and security risks inherent in decentralized assets by creating a centralized institutional framework. This approach aims to mitigate fraud while enhancing accountability at a national level. The reserve's structure will reportedly incorporate confiscated crypto assets, though specific holdings remain undisclosed.
By:
Previous
South Korea Halts CBDC Pilot to Prioritize Won-Backed Stablecoin Development
Next
Spain Dismantles €460 Million Crypto Fraud Ring, Arrests Five
