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Kazakhstan’s Central Bank Plans Sovereign Crypto Reserve
Kazakhstan’s Central Bank Plans Sovereign Crypto Reserve
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BTCCSquare news:
Kazakhstan’s National Bank (NBK) is designing the country’s first sovereign crypto-asset reserve, marking a strategic shift from fragmented regulation to structured portfolio management. NBK Chairman Timur Suleimenov confirmed the initiative in a parliamentary response, noting that the reserve may be housed within an existing NBK subsidiary handling alternative investments.
The reserve is framed as a financial stability tool, not a speculative venture. Potential sources include confiscated crypto-assets and government-mined cryptocurrencies. The NBK emphasizes an institutional approach, aligning with traditional sovereign wealth fund transparency norms and advocating centralized custody for security.
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