National Bank of Kazakhstan to Establish Cryptocurrency Reserve
Kazakhstan's National Bank is exploring the creation of a cryptocurrency reserve, drawing from international precedents. Chairman Timur Suleimenov revealed the plan would initially utilize expropriated digital assets and mined coins from state-affiliated enterprises.
The move signals growing institutional recognition of crypto as a reserve asset class. While no specific coins were named, the initiative could indirectly benefit major cryptocurrencies like BTC and ETH through increased validation of the sector.