The National Bank of Kazakhstan has confirmed they will sell part of the country’s gold reserves to purchase up to $300 million worth of Bitcoin. Officials stated that the central bank will oversee the sale and direct proceeds into regulated Bitcoin acquisitions.

They become the first central banks to directly convert sovereign gold reserves into crypto. Authorities emphasized that the allocation will be managed under strict oversight to ensure compliance with international financial standards. Kazakhstan’s growing role in the global digital asset sector, following its rise as a major hub for crypto mining and blockchain development.

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