Kazakhstan Advances Crypto Reserve Plans in Digital Transformation Push
Kazakhstan is accelerating its crypto ambitions with plans to establish a national digital asset reserve. President Kassym-Jomart Tokayev has proposed a State Fund of Digital Assets, managed by the National Bank’s Investment Corporation, to hold strategic crypto holdings. A new digital asset law is expected by year-end to formalize regulatory clarity and enable broader adoption.
The MOVE aligns with Tokayev’s vision of transforming Kazakhstan into a fully digital state within three years. Blockchain and AI are central to this overhaul, which includes modernizing financial infrastructure and bringing gray-market crypto activity into compliance. The president had flagged urgent crypto infrastructure development earlier this year, citing unregulated user growth.
