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National Bank of Kazakhstan to Establish Cryptocurrency Reserve

National Bank of Kazakhstan to Establish Cryptocurrency Reserve

Published:
2025-07-01 14:31:02
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BTCCSquare news:

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.

|Square

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