🇰🇿Kazakhstan Central Bank Eyes Up to $300 Million Crypto Investment from Reserves
Astana, Kazakhstan .
The National Bank of Kazakhstan has confirmed plans to potentially allocate up to $300 million from its gold and foreign exchange (FX) reserve income toward strategic investments in cryptocurrency and related digital assets, marking a significant development in the country’s reserve diversification strategy. �
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According to National Bank Chairman Timur Suleimenov, the investment amount represents a maximum ceiling, with actual deployment likely to begin at smaller tranches (e.g., $50 million–$100 million) and scale up as market conditions and investment opportunities allow. He emphasized that the central bank will adopt a cautious, phased approach, waiting for favorable market stability before committing funds. �
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The proposed investment would be drawn from the central bank’s gold and FX reserve income, not from Kazakhstan’s sovereign wealth fund, underscoring a targeted effort to modernize reserve management amid ongoing volatility in global cryptocurrency markets. A dedicated digital asset portfolio has already been established within the bank’s alternative investment framework to facilitate this strategy. �
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Market analysts say the move reflects Kazakhstan’s intent to broaden its reserve holdings beyond traditional assets, exploring digital finance while maintaining careful risk oversight due to recent market downturns.
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