#Kazakhstan 's Central Bank , The National Bank of Kazakhstan (NBK) is planning to invest up to $300 million in crypto assets, with a possible range of $50 million to $250 million, depending on market conditions. This move is part of a broader strategy to diversify the country's economy and establish itself as a fintech hub .
Some Important updates:-@CZ
The NBK will use its foreign exchange reserves, not the national sovereign fund, to invest in crypto assets.
Chairman Timur Suleimenov emphasizes waiting for market stabilization before investing, citing recent volatility.
Kazakhstan aims to launch a $500 million to $1 billion national crypto reserve fund by early 2026, focusing on regulated instruments like crypto #etf s and blockchain company shares.@Binance South Africa Official
The country is establishing a comprehensive legal framework for digital assets, with a focus on anti-money laundering and counter-terrorist financing measures .
