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Kazakhstan Explores Crypto Reserves Allocation and State Mining Operations
Kazakhstan Explores Crypto Reserves Allocation and State Mining Operations
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BTCCSquare news:
Kazakhstan's National Bank is evaluating the inclusion of cryptocurrency assets in its Gold and foreign exchange reserves. Timur Suleimenov, the bank's head, acknowledged the potential for high returns but emphasized the need for caution due to volatility. The move aligns with global trends, including the rise of crypto ETFs and treasury investments in the U.S.
Plans are underway to establish a state crypto treasury for storing seized digital assets, with secure infrastructure such as cold wallets. Additionally, the government is considering state-run mining operations, where a portion of mined crypto could bolster national reserves through taxes or mandatory payments.
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